Westpac New Zealand Getting married / having kids

Getting married / having kids

Tips on saving and budgeting for a wedding as well as planning for life after marriage and teaching kids about money.

About children’s
bank accounts

Workshops and tutorials


		Free money management tools:
		>	Managing your Money workshop
		>	online budgeting tutorial
		>	kids’ space

Investing and saving


		Investment funds and accounts:
		>	about KiwiSaver
		>	saving and investment accounts
		>	investment rates

Calculators


		Savings and home loan calculators:
		>	work out a budget
		>	save each payday
		>	set a savings goal
		>	mortgage calculators

Westpac Starter Pac


		Help set your child up for life:
		>	more about Starter Pac

Contact us


		Contact us now:
		>	email
		>	Westpac branches
		>	phone 0800 400 600 (7am to 11pm, 7 days a week)

Tips for saving for a wedding

If you need to borrow money

your mortgage is often an ideal option rather than opting for credit cards or hire purchase

consider a revolving credit facility—any ‘borrowed’ money you don’t spend sits in your account and doesn’t clock up interest

To help you keep to your budget

think about how much more you can save—not how much more you can spend!

ask your bank which is the right account for your spending habits

save money on bank fees by using Online Banking

withdraw a set amount of cash per week and make it last the whole week

Managing your money after the wedding

Aim for at least 3 month’s salary as your emergency fund

for medical emergencies and unexpected big expenses

to deal with a sudden loss of income

keep it topped up so it’s always on hand when you need it

Insure the things you can’t afford to replace

don’t forget about insuring your income

life insurance is worth considering

Saving for retirement

start saving for retirement early with KiwiSaver

compounding interest makes a huge difference over time

Tips for teaching kids about money

Teach kids about money when they’re young

encourage kids to save up for the things they want

don’t encourage ‘buy now, pay off later’ behaviour

explain interest—earn when you save, pay when you borrow

This information is general in nature and is not intended to constitute advice. Westpac recommends obtaining independent advice in respect of your particular circumstances. References to non-Westpac websites and material are provided for your convenience and Westpac accepts no responsibility for the availability or content of such websites or material.
The information on this page is presented subject to our legal page and any other terms and conditions that Westpac may impose from time to time. It is subject to change without notification.