Moving on after separation.
A divorce or separation can be a tough time, and money stresses can add to your worries, so we’ve put together a few key steps to help alleviate some pressure.
Creating a budget for your new lifestyle.
It could also be a good time to create a budget based on your new situation. Online budgeting tools can show you where you're spending the most, help you identify areas where you might be able to cut down your spending, and estimate how much you might be able to save or contribute to debt repayment. You could start with our budget calculator.
Estimating a budget for your money after a divorce or separation is one way to start working towards your new goals. Do you want to:
- Pay off debt?
- Save for a holiday?
- Train for a new career?
- Start a business?
- Save for a home deposit?
With a new budget and a fresh start, you can get yourself into a stronger financial position and begin working towards your goals.
We can help.
Workout a budget
Use an online budgeting tool to create a budget based on your new situation. Identify where you're spending and opportunities for saving or debt repayment.
Consider your insurance cover
Westpac KiwiSaver Scheme
Have you considered whether you are in the right KiwiSaver fund? It’s worth considering as it could significantly impact the amount you have in your account when it comes time to draw on it.
Financial hardship support
Struggling to pay your basic living costs? You may be eligible for financial hardship support, which can provide options to reduce your loan repayment amounts, restructure debt or take a payment holiday.
Things you should know.
Terms, conditions, fees and charges apply to Westpac products and services.
BT Funds Management (NZ) Limited is the scheme provider and Westpac New Zealand Limited is the distributor, of the Westpac KiwiSaver Scheme (Scheme).
Investments made in the Scheme do not represent bank deposits or other liabilities of Westpac Banking Corporation ABN 33 007 457 141, Westpac New Zealand Limited or other members of the Westpac group of companies. They are subject to investment and other risks, including possible delays in payment of withdrawal amounts in some circumstances, and loss of investment value, including principal invested. None of BT Funds Management (NZ) Limited (as manager), any member of the Westpac group of companies, The New Zealand Guardian Trust Company Limited (as supervisor), or any director or nominee of any of those entities, or any other person guarantees the Scheme’s performance, returns or repayment of capital.
For a copy of the Product Disclosure Statement or more information about the Scheme, contact any Westpac branch or call 0508 972 254 or from overseas +64 9 375 9978 (international toll charges apply). You can also download the Product Disclosure Statement.