150410_BOPTimesEditorial-BudgetAdviceNeeded

Editorial: Budget Advice Needed

Anything can be bought on credit these days.

Most people have a credit card, few students survive university without an overdraft and a student loan and stores encourage you to use hire purchase to buy everything from a gaming console to a washing machine or a car.

It’s no wonder then that people struggle to save the deposit for a house.

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150419-BOPTimes-NewHopeForFirstHomeBuyers

New Hope for First-Home Buyers

OPEN TO ADVICE: Kelly Mead said she would consider using the new scheme when the time came to buy a home for her and her daughter, Ashleigh Ford.

A ground-breaking scheme to help renters save a deposit for their first home has been launched in Tauranga.

The Government-backed pilot scheme, believed to be a New Zealand first, has been launched by Tauranga Budget Advisory Service and will involve budget advisers managing all or some of their clients’ income so they can save a deposit.

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