This August, Sorted Money Month shines a spotlight on a key part of financial wellbeing: building an emergency fund. Your KiwiSaver account is set aside for your long-term goals - retirement or buying your first home - while an emergency fund protects those goals when life throws you a surprise.
Whether it's a car repair, a leaky roof, or a sudden job change, having emergency savings means you're less likely to have to take actions that will impact your long-term financial goals.
An emergency fund is your financial shock absorber — helping you handle surprises without compromising your future.
Why Sorted Money Month matters
This month's the perfect time to give your finances a quick health check. Here's where to start:
First, create or review your budget. See where your money's going and where you could save.
Then, head to the Sorted website to find ways to start building your emergency fund.
Next, check your KiwiSaver account balance in Hive. Get a sense of how your long-term savings are tracking.
Finally, review your KiwiSaver fund choice: Make sure your fund still suits your goals and time frame.
We're here to help
One of the great things about Hive is having your Adviser and the Hive Client Care Team in your corner. They can guide you through fund choices, contribution rates, and help make sure your KiwiSaver account stays aligned with your goals.
Get in touch with your Adviser, email us at hello@hive.co.nz or call us on 0800 242 023.
Let's use Sorted Money Month to set ourselves up for a more secure, confident financial future.
