Growing need for budgeting advice
Financial hardship has become a way of life for many people in New Zealand.
At least twice in the last 12 months around 12 per cent of New Zealand’s population has not been able to pay rent or mortgage on time; has been unable to pay utility bills on time; have received help from community organisations (food, clothing, money) or borrowed money from friends or family to meet everyday living costs.
About 12 per cent of households report not having enough money to meet their everyday needs.
One in four households report having only just enough money. Of the 272,257 people receiving hardship grants in 2015/16, 59 per cent were female and 41 per cent were male (Statistics NZ 2014, NZ General Social Survey)
Hamilton Budgeting Advisory Trust provide a free financial mentoring and budgeting advisory service. This service helps clients become financially capable.
Manager Tony Agar recognises that difficulties with financial management causes stress.
“Stress, if left unchecked, can have an adverse impact on families and in some cases may contribute to the risk of family or domestic violence. Clients, including individuals, families and wha¯ nau benefit from having someone who can listen and understand their stress and help them find ways to work through their issues.”
The trust provides free budgeting education presentations in the form of workshops or programmes to a wide range of community groups. This helps educate and develop skills in the community prior to crises situations, so they can improve their financial capability for life.
Between July 2017-June 2018, the trust delivered one to one financial mentoring sessions to 1699 clients. They also delivered 124 group budgeting education sessions, and reached 897 new clients.
Those people experiencing severe financial hardship are primarily Ma¯ ori and Pacific people, sole parents (who are mostly women), children, people living in rental housing and people with disabilities.
Hamilton Budgeting Advisory Trust is at 87 Clarence St, Hamilton, phone 07 838 1339. They are available to run budgeting education workshops.
Hamilton Budgeting Advisory Trust provides free budgeting education presentations in the form of workshops or programmes to a wide range of community groups.