The stay-at-home mum had accumulated over $60,000 in debt.
It could make a huge difference when you retire.
Find out who is struggling most to save.
Economists say there are other options, but each come with their own pros and cons.
Here's how open banking works.
Financial mentors say student loan debt can stick with people for a long time.
The Reserve Bank surprised markets when it released its official cash rate update earlier.
New research from the Federal Reserve Bank of New York shows stark differences between age groups.
"The more value you deliver, the more the pay should rise."
Almost half a million Kiwis are behind on their payments.
"If you have more money, you can actually start comparing yourself to others."
Tikitiki o Putea is grounded in te ao Māori values and has already been a great success in one kura kaupapa.
Financial stresses are disproportionately impacting women, Māori and Pasifika, a new survey has found.
The woman's conundrum has split the internet.
Economist Cameron Bagrie told AM personal and business financial stress will rise over the next 1-2 years while inflation and interest rates remain high.
"It's time we take things back from these giants who are making billions in bonuses."
Consumer NZ says one in five users are getting into debt - and the debt can easily get out of control.
Outdated legislation and a lack of regulation mean predatory online gambling websites are targeting NZ.
There has been a full recalculation of the living wage, which happens every five years.
A chunk of New Zealanders aren't saving a cent.
They're the two regions where people are struggling the most to pay off debt, and those on the frontline fear it's about to get worse.
New figures show about 430,000 Kiwis are behind on at least one loan payment.
The Westpac Economic Overview predicts interest rates to eventually drop back down.
The report found there is no change in the proportion of Kiwis who have savings or investments, sitting at 84 percent for the past three years.
Analysis suggests gender norms influence attitudes towards saving.
"It is credit and it is debt, and if you're not able to pay that back, that does incur fees."
The record-low hardship levels haven't been seen since December 2019.
Customers can borrow up to $80,000 at a three-year fixed rate of 1 percent per annum.
Forty-four percent of parents pay for their children's groceries and 31 percent let them live at home rent-free.
The Omicron outbreak is a timely reminder for Kiwis to make sure they have a few months' of savings to prepare for the unexpected.
