NSBS has many female mentors for clients who may feel more comfortable with one, and we are willing to adapt mentor session times and schedules around a client’s family commitments and work hours, with Zoom-call mentoring a popular option. Here’s some top tips from one female mentor on how to avoid the paycheck to paycheck mentality.

  1. Take a good look at how you are spending your money

Use the past to predict the future by going through the last three months of your bank accounts and spending to better understand your outgoings and your emotional money behaviour. For example, do you really need Friday night takeaways every week? Look for regular patterns, make cuts and omissions, and formulate your new spending plan.


  1. Start with small spending cuts that are simple and achievable

To break patterns, look at your daily spending behaviour. Even if you’re just forgoing a daily $5 coffee at your local cafe, it all adds up and you’ll be surprised how, with a little bit of budgeting, you can quickly make small wins to your bank account balance. It can get you started and add up to something significant over time.


  1. The spending you forgo should be directed towards your savings goals

If you ditch the daily coffee, don’t replace it with another unnecessary expenditure. Keep your savings goal in mind and don’t digress. Whether you’re saving towards the deposit on a new house, or a holiday to Oz, or a wedding and honeymoon, remember those small expenditures you used to make will now add up to significant savings in the long run. And you’ll be proud of yourself when you see just how much you saved.


  1. Build your emergency fund. Don’t rely on credit when the unexpected happens

Living paycheck to paycheck is especially difficult when something unexpected happens. How will your budget cope if the washing machine suddenly breaks down? Or the car needs new tires? Or you forget to allocate money for your kid’s school camp? Building your safety net is important, especially if you have an unpredictable income, or work contracting hours. Where possible, find alternative avenues to make some cash, such as selling some stuff on TradeMe. Do not rely on credit when you need money unexpectedly. The interest rates are crippling, and you will find yourself deeper in debt than before.


  1. Make food go further

Try to stockpile on some household items, like rice, pasta and tins or frozen bags of food products. Look for specials and try to buy in bulk. That way you only need to top up every other week . If you’re caught short, you have it there and don’t have to stress.


  1. Have a system that works for you

For some people, a separate account for monthly bills works well so that they can keep an eye on utility outgoings and separate them from other expenditures. Budgeting means setting goals and savings, so having separate accounts for short, medium or long term allows money to flow in the right areas according to your money plan.


  1. Use a financial mentor for support and guidance

Money, debt and stretched financial household expenditure can have such a stigma attached to it, but it needn’t. Don’t be embarrassed to seek help or advice. And don’t be ashamed to tell your friends or family members you can’t socialise this week because this is your “skint week” and you are saving towards a holiday. Put you and your whānau first.

NSBS is committed to delivering financial mentoring to young New Zealanders aged 15–24 not in education, employment or training (NEET) with a targeted financial wellbeing programme and money literacy skills.


Our targeted BFC (building financial capability) programme offers key skills to young school leavers, from those going on to tertiary study or jobs, to those disengaged in employment and education and who need support and guidance into a first job or apprenticeship.


Fostering financial capability among young Kiwis, or taiohi, who are disengaged in the labour market and education, and who need encouragement and empowerment for employment preparedness, is part of the Government’s strategic vision for financial capability. NSBS shares these values and vision and is committed to realising the aspirations of young New Zealanders by delivering a financial mentoring programme of social and economic change.


“Kiwis young and old face increasing costs and pressures to find their financial independence and financial security as the cost of living and inflation rises. Our financial mentoring course provides valuable budgeting skills, employability tools, and empowerment opportunities,” said NSBS CEO Drew Glucina.


“For young taiohi disengaged or inactive within the labour market or education, having financial wellbeing knowledge is one step closer to employment and apprenticeships.”

Youth who are not in employment, education, or training (NEET) in New Zealand have become a growing concern for the Government and represents a community most at risk of socioeconomic hardship, especially in a post-Covid world with high job insecurity and declining secondary school attendance rates.


The percentage of 15 to 24-year-old Kiwis not earning or learning in the year to March was 11.5% – up from 10.9% last quarter.


The economic cost of supporting taiohi NEET is significant, as is the cost to their physical and mental health, with Māori and Pasifika most at-risk. Those Kiwis who spend time not in vocational training, employment or education are statistically more likely to be unemployed, receive lower wages, have a criminal record, suffer from health problems and depression, and experience lower levels of life and job satisfaction.


As a skills-training initiative, our customised financial mentoring programme provides practical intervention, life empowerment, and work placement opportunities that will improve long-term economic outcomes.


The development of the programme is designed to prevent disengaged youth at risk of becoming a MSD beneficiary in the future, or who are at present. It addresses fundamental economic challenges, including poor health and wellbeing outcomes, low social mobility, and an entrenched productivity gap.

What they will learn on the NSBS BFC youth programme: