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

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

Investing and saving

More info icon Investment funds and accounts:
  > about KiwiSaver
  > saving and investment accounts
  > investment rates

Calculators

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

Westpac Starter Pac

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

Contact us

Contact us icon 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  
Insurance tips
Create a protection plan so you're prepared for the unexpected
insure the things you can’t afford to replace  
> More about Content’s Insurance  
don’t forget about one of your most important assets: yourself  
> More about Life Insurance, Income Protection Insurance and Bill Protection Insurance  
create a will—it makes things a lot easier for your family after your gone  
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.
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