Review your debts
If you have a few debts to pay, the first step is to focus on repaying one debt at a time. There are two ways you can do this.
1. Starting with the debts that have the highest interest rates helps to reduce the ones that are hurting you the most. This approach saves you more money by reducing the amount of interest you are accruing.
2. Another approach is to start with your smallest debt. Looking at your largest debt can be intimidating for some, so working with your smallest debt first gives you enough motivation to start ticking off your list. It may not be the fastest method, but it helps you to get underway.
Create a realistic budget
Budgeting is a great way to reduce spending and pay off your debts faster, but it’s good to be realistic with your budget. If you don’t give yourself any wiggle room, you can be unhappy with a tight budget and end up overspending. Reviewing your budget weekly to see where under or overspending occurred keeps you on top of your expenses.
Get some help
Paying off your debts can be a daunting task. Getting some professional advice on getting your debts under control before you apply for a mortgage can help put your mind at ease. Our mortgage experts can sit down with you and look at your current situation. They can advise you on exactly what banks and lenders look for in your finances when buying a first home.
Celebrate your win!
Paying off your debts can be challenging, but you’ll feel overjoyed when you pay off the last bit. It’s important to celebrate this win after the hard yards, so treat yourself to a small celebration before adjusting your budget to contribute more to your deposit.
Are you nearing the end of your fixed-rate period and worried about refixing at a…
Last month we held a webinar led by Nigel Perkins, Head of Haven Mortgages, and…
Nigel Perkins, Head of Haven Mortgages, shares his commentary on the Reserve Bank NZ (RBNZ),…
Fill out your details below and someone from our friendly team will be in touch soon.
"*" indicates required fields
Disqualified Participants’ are: (a) all Haven Financial Advisers employees (b) all people under the age of 18 years (c) all people without a qualifying delivery address.
Or,
Refer someone else to complete a financial review with any of Haven’s advisers for any service during the entry period and if they complete the review you will receive one entry each into the Competition.
The Winners will be determined by Haven Financial Advisers and will be final and no correspondence will be entered into.
The Winners will be notified by email, phone (voice or text), mail or in person. Where attempts to contact a Winner fail (e.g. when the Winner cannot be contacted by phone after three attempts or mail sent is returned) Haven Financial Advisers will select another winner. If, after successful notification, the prize is not collected within two months of being announced, it will be regarded as forfeit. (Note: 3 attempts to contact the Winner will include individual calls to any numbers provided at the time of entry.
Where the Winner is required to claim the prize in person, they must provide proper identification (eg driver’s licence, passport, birth certificate).
The Winner takes the Prize entirely at his/her own risk and indemnifies Haven Financial Advisers in respect of any claim for any accident, injury, property damage or loss of life that may occur in connection with the prize. The Winner is responsible for all insurance, tax or other costs that may be associated with the Prize. Where the Prize has associated terms and conditions the Winner accepts the Prize subject to those terms and conditions and restrictions.
The Prize must be taken as stated and no compensation will be payable if the Winner is unable to use the Prize as stated.
The Promoter (Haven Financial Advisers Limited) will not be liable for any prize(s) that do not reach the winners for reasons beyond the Promoter’s reasonable control. Where a prize is being supplied by a third party, the Promoter accepts no responsibility in connection with the provision of the prize, including without limitation, the failure of the winner to receive ownership of, or use of, the prize or any performance issues associated with the prize.
The Promoter will not be liable for failure to provide (or delay in providing) the Prize resulting from any events, circumstances or causes beyond its reasonable control, including but not limited to acts of god (natural disasters), acts of war or terrorism, national emergencies, issues of public health and safety, pandemic, mechanical breakdown, industry disputes, riots or failure of communication or power supply or voluntary or involuntary compliance with any regulation, law or order of any government.
Prizes may be subject to additional terms and conditions imposed by a third party.
The Promoter will not be responsible for any loss or damage suffered by entrants or anyone else as a result of, arising out of, or in any way connected with the Promotion or its prizes.
The Promoter collects and holds personal information provided by entrants for the purposes of administering this Promotion and for future Promoter promotional purposes. All personal information provided by entrants will be held by the Promoter and will not be provided to third parties unless otherwise specifically set out. Under the Privacy Act 2020, entrants have the right to access and correct their personal information.
The Haven Travel Promotion is only open to legal residents of New Zealand who are eighteen (18) years of age or older.
Disqualified Participants’ are: (a) all Haven Financial Advisers employees (b) all people under the age of 18 years.
The Competition begins on Monday 13th March 2023 to Wednesday 31st May 2023.
Complete a financial review with any of Haven’s advisers for any service during the entry period and you will receive one entry into the Competition.
The final winner will be drawn on Monday 5th June via random selection by Haven Financial Advisers.