The biggest debt the Tauranga Budget Advisory has dealt with was more than half a million dollars and co-ordinator Diane Bruin says more wage earners and people with mortgages are seeking help.
A Bay family lost their home and went bankrupt after owing more than $500,000 in mortgage arrears, accumulated debt and hire purchases.
Tauranga’s housing shortage has worsened with rental listings plummeting by a third and properties being snapped up within hours.
What do you do when you lose your job and your benefit no longer covers your bills and debts?
For many people, every little dollar counts and for them Tauranga Budget Advisory Service (TBAS) is a lifesaver, helping them manage their tight budgets and chip away at their debts.
A BUCK’S WORTH: Angela Frieswyk, a Tauranga nutritionist, is concerned that supermarkets selling white bread for $1 will encourage people to eat too much of it.
An offer of cheap, white bread has been welcomed by a budget advisory service, but a Bay nutritionist says it is an unhealthy food option.
According to the Reserve Bank, we’re paying an annual $671 million in credit card interest, roughly $200 for every adult New Zealander.
A Bay couple lost their home after putting $54,000 on credit cards for renovations.
The anecdote has been revealed by a budget adviser as more Bay people seek help to manage their money.