Make the most of your 20s

Your 20s is a great time to get your money on track, but how do you do it? Here are 7 easy tips.

7. Sort your budget

Making a plan for your money can be hard, especially if you’re new to the workforce. But setting up a budget can help you get ahead - and it doesn’t have to be boring! 

6. Reduce debt

Things like credit cards and personal loans aren’t your friend! Make a plan to pay high-interest debt off fast so you can start putting your money to better use.

5. Start KiwiSaver early

You’re probably already in KiwiSaver if you’ve started work. KiwiSaver is a government investment savings scheme where, if you contribute enough, your employer and the government chips in money too. You can use this money for your first home or retirement. Starting early means your money will be invested for a long time, perhaps 10 or 20 years, which can really help boost your balance. 

4. Check your KiwiSaver fees

Fees eat into your hard-earned KiwiSaver money and reduce your balance. Check how much you’re paying in fees using the Sorted KiwiSaver Fund Finder and make sure you’re happy with what you’re paying.

3. Start a savings account

If you don’t have any savings, now’s a good time to start. Having some money in an emergency fund for any unexpected expenses can reduce stress. Aim to build up a few months’ worth of expenses, but start with a goal of $500. Store it somewhere where you won’t be tempted to spend it.

2. Are you saving for a house?

If buying your first home is one of your goals, your 20s is a great time to check your money’s on track. The Settled website is a great resource.

1. Check your KiwiSaver provider and fund

Research your KiwiSaver provider and fund type and check they are both right for you. If you’re not sure who your KiwiSaver money is with, you can call IRD. Helpful tools to compare include the Sorted KiwiSaver Fund Finder and Smart Investor websites. Make sure you’re getting good value for your fees, and find out if you prefer an active or passive investment style. It’s easy to switch KiwiSaver providers and funds. 

Correct as at November 2021. Pie Funds Management Limited is the issuer and manager of the JUNO KiwiSaver Scheme. Click here for our Product Disclosure Statement. Any advice is given by Pie Funds Management Limited, and is general only. It relates only to the specific financial products mentioned and does not account for personal circumstances or financial goals. Please see a financial adviser for tailored advice. You may have to pay product or other fees if you act on any advice. As manager of the Scheme we receive monthly fees that are determined by your balance and whether you are 13 years or over. We will benefit financially if you invest in our products. We manage any conflicts of interest via an internal compliance framework designed to ensure we meet our duties to you. For information about the advice we can provide, our duties and complaint process and how disputes can be resolved, visit All content is correct at time of publication date, unless otherwise indicated. Past performance is not a reliable indicator of future returns. Returns can be negative as well as positive and returns over different periods may vary. Please let us know if you would like a hard copy of this disclosure information.