Grow­ing need for bud­get­ing ad­vice

Hamilton News - - COMMUNITY - Kim Ca­ble

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.

Visit http://www.bud­get­ing.co.nz/

Photo / Sup­plied

Hamil­ton Bud­get­ing Ad­vi­sory Trust pro­vides free bud­get­ing ed­u­ca­tion pre­sen­ta­tions in the form of work­shops or pro­grammes to a wide range of com­mu­nity groups.

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