Helping people for 40 years
More people are turning to budgeting services, as the financial climate shifts.
The Matamata Budget Advisory Service is this month celebrating 40 years of service.
It is using the milestone to reach out to the community.
It’s also a drive to bring in more volunteers, to help meet client demand.
Matamata Budget Advisory Services assistant coordinator Kelly Hudson says, families are facing new challenges and demand for the service is growing.
‘‘It’s a lot easier to get into debt,’’ she said.
‘‘People find they aren’t even meeting the minimum payments on credit cards.
‘‘They don’t make progress or dents.
‘‘Things have changed for the worst in that respect.’’
But she says not all their clients are in a financial struggle, many want to manage their money, or are looking for a way to save.
‘‘We work with from all walks of life.’’
Up to 30 per cent of their client base is agency referral.
The other 70 per cent are people taking the initiative to seek advice.
Hudson says asking for help can be frightening for many people.
‘‘They are having to step up and address some issues they do need to look at. people
‘‘It’s letting people know their situation can become more positive, setting up a financial mentor, to turn things around.
‘‘Most people do leave feeling better, knowing there is a light at the end of the tunnel.’’
She says there is also a misconception over the stereotypical person who needs budgeting advice.
‘‘People think that it’s for people facing bankruptcy, or the people on a lower income.
‘‘It’s not. It’s about managing everyday expenses and costs.
‘‘And if you have a family, with however many children, living costs are high.
‘‘Jiggling things around and setting up a few extra accounts, means you are on top of everything coming in.
‘‘What we are trying to do, is build financial capability for people.’’
Hudson says the service has four volunteers, some work, and volunteer around their commitments.
She would like to see it double, and is inviting anyone interested to attend an open day.
A financial background is not necessary, but listening and being compassionate are hugely important.