Budget advisor/mentor for son

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Forums › Finance and wealth management › Budget advisor/mentor for son

johno1234

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#320369 5-Aug-2025 18:47

Hi All,

Live at home son has about a year left on his degree. He and his part time working GF are looking for a flat but we’re telling them they need to visit a budgeting service to run through the budgeting and affordability of it all.
Any recommendations for a central Auckland based advisor/mentor? Ideally free.

Cheers

mattwnz

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#3400211 5-Aug-2025 19:38

https://www.cab.org.nz/article/KB00001442

tweake

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#3400213 5-Aug-2025 20:03

any reason that can't be done at home?

most of it is not difficult. hardest thing is understanding your own money personality and how use that.

wellygary

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#3400220 5-Aug-2025 21:21

tweake:

any reason that can't be done at home?

most of it is not difficult. hardest thing is understanding your own money personality and how use that.

Sometimes with things like money it just sinks in better when it comes from someone "independent"

Many parents are constantly telling kids how to budget and look after their money- and after a while kids can (whether they intend to or not) tune out and become less receptive,

johno1234

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#3400227 5-Aug-2025 22:03

^ this

mentalinc

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#3400250 6-Aug-2025 07:07

Noting above, suggest they spend some time on the Sorted budget calculator - https://sorted.org.nz/tools/budget-planner/

Includes many smaller items that are easily forgotten

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SpartanVXL

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#3400265 6-Aug-2025 08:47

Genuine question, have schools stopped teaching economics/accounting?

Pretty sure this is taught at yr9/10 general math.

If they use online banking get them to pull their monthly statements which shows incoming/outgoing. Work from there or take to someone if needed.

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sidefx

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#3400267 6-Aug-2025 08:55

SpartanVXL:

Genuine question, have schools stopped teaching economics/accounting?

Pretty sure this is taught at yr9/10 general math.

If they use online banking get them to pull their monthly statements which shows incoming/outgoing. Work from there or take to someone if needed.

I think they still do, but also suspect they ignore and\or forget it all and just roll with whatever someone on instagram\tiktok\etc says.... ;D

TBH though I think part of being young is also making budgeting mistakes and learning from them.

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wellygary

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#3400282 6-Aug-2025 09:18

Ours are doing Banqer at years 8/9 - seems quite good.-

One came home asking how much money I needed to borrow to buy a house the other day, So something must be sinking in

eracode

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#3400283 6-Aug-2025 09:20

SpartanVXL:

Genuine question, have schools stopped teaching economics/accounting?

Pretty sure this is taught at yr9/10 general math.

School economics and accounting are not the same as personal budgeting and financial literacy. Economics and accounting are taught as separate optional subjects from Y11 onwards and not as part of maths.

Some schools offer a Commerce course in Y9-10 which covers personal budgeting, managing income and expenses, saving, debt, banking and interest etc.

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altered-ego
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#3400331 6-Aug-2025 13:37

Try

Tony Hailwood
Money Coach
027 2390046

Moneytrainer, Auckland
www.moneytrainer.co.nz

Please keep this GZ community vibrant by contributing in a constructive & respectful manner.

tweake

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#3400416 6-Aug-2025 17:54

wellygary:

tweake:

any reason that can't be done at home?

most of it is not difficult. hardest thing is understanding your own money personality and how use that.

Sometimes with things like money it just sinks in better when it comes from someone "independent"

Many parents are constantly telling kids how to budget and look after their money- and after a while kids can (whether they intend to or not) tune out and become less receptive,

fair enough. kids often will listen to everyone but mom and dad.

tho i disagree on "many parents". kiwis are notorious for parents not teaching kids money. i understand the govt is pushing to have it taught in schools, which i hope they do.