Half of all Kiwis are struggling with their finances. We're either spending more than we earn, or there's no cash tucked away in case of emergencies.
The Commission for Financial Capability wants to change that. They're the organisation behind the 'Sorted' website.
They've found 21 percent of New Zealanders are spending more than their income and for 30 percent of Kiwis, things might look okay, but there's no spare cash in case of emergency.
The Commission runs courses for those struggling to manage their money, like Rose Ngakiau and her husband Toko.
The couple thought they were doing okay. They had good jobs, and Mr Ngakiau was getting big commissions working in sales.
But four children don't come cheap, and there was a lot of impulse buying.
Mr Ngakiau was juggling four credit cards. When the bank continued upping his limits, he says it "validated [his] success." He felt like he could buy more things, so he kept borrowing.
Between them, the couple found themselves $55,000 in debt.
Retirement Commissioner Diane Maxwell says racking up that level of debt is far easier than people think.
"It happens far quicker than you think."
Through an intensive course offered by the Commission, the Ngakiaus are starting to manage their debt.
The Commission recommends thinking carefully before buying, and to only buy what you can pay for upfront.
With the help of the Commission, the Ngakiaus have faced up to financial reality.
The couple still owe $40,000, but with a joint account and a careful eye on spending, they're now in control.
Watch the video for the full Story report.
