Now’s a great time for a financial health check

Now could be a great opportunity to give your finances a ‘health check’ to see if you’re getting the most from your money. Our easy checklist can help.

8. Make some goals

What would you like to achieve short term and long term? Think of some money goals for the next year or so and put plans in place to reach them.

7. Check your debt

If you’re up to the eyeballs in debt you’re struggling to pay back – like credit cards and personal loans – now’s the time to make a plan. This high-interest debt can be your worst enemy, and it can stop you getting ahead.

6. Review your power, phone and internet

Savings on power and other utilities add up to hundreds of dollars over a year. Use online comparison websites to check you’re getting the best deal. Always read the contract fine print, and terms and conditions before signing up to a new contract.

5. Review your KiwiSaver account

Your KiwiSaver account can be a vital tool to help you save for retirement or your first home. Check you’re in the right fund type, aren’t paying too much in fees, are getting good value from your provider, and that you’re contributing enough to get any employer or government money. 

4. Check your insurances

It’s important to know what you’re covered for. Re-read your terms and conditions and call your insurance provider if you have questions. Review your insurances every year, as your personal situation may have changed.

3. Look hard at your biggest expenses

For most of us, rent or mortgage payments, transport and food are our ‘big three’ living expenses. Could you check in with your mortgage broker to get a better rate on your mortgage? Do you really need a second car? Cut down at the supermarket? These changes can make a big difference. Most of us are still spending more time at home, and it’s a good time to look at what spending is really important to you.

2. Could you save more?

Are you spending too much? Review your spending over the past three months to see where your money’s been going, and where you can make cuts. Most of us are guilty of not saving enough, so review your budget and put extra cash into savings.

1. Do you have money saved for an emergency?

The Covid economic dip had many of us wishing we had more cash for an emergency. Aim to save up three months of expenses in the bank, and don’t touch it. Aim to get $500 first, then go from there. Financial experts say it’s a matter of when an emergency occurs, not when. Things like car breakdowns, emergency vet bills, and redundancy can be handled more easily if you have spare money you can access easily.

Information correct as at May 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 guarantee 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.