Real-life read: Shristi

What’s the best money advice you’ve ever been given?  

If you can manage without it, there's no need to spend money on it. Having grown up in a family that experienced difficulties, we learned early on to appreciate both money and our possessions. We were taught not to buy things we didn't need, and while it's normal to have desires, it was always important for us to balance our income and spending. 

Are you a spender or a saver?  

I consider myself primarily a saver. As a single immigrant residing in New Zealand, I experienced significant financial challenges. However, my prudent approach to managing finances enabled me to accumulate enough savings to purchase my first home five years ago. 

What’s been your proudest money moment? 

One of my proudest financial achievements has been accumulating enough to secure my citizenship, assist my brother with his marriage, and buy my home – all while overcoming job uncertainties as an immigrant in New Zealand. 

What makes you feel sorted when it comes to your money? 

Maintaining substantial savings across various accounts, alongside observing the growth of my Sharesies and KiwiSaver portfolios. These provide assurance that I am financially prepared for any unforeseen circumstances. 

What money beliefs have you inherited from your whānau? 

Having grown up in a household that placed great emphasis on financial discipline, I was always made aware of money’s significance. As children, we weren’t given spending allowances, and once I began earning, my parents managed my wages – so I rarely had autonomy over my finances. Though it felt limited at the time, those experiences helped me build a healthy respect for money. Along with my background in accounting, this upbringing has profoundly influenced how I make financial decisions today. 

If your bank account could talk, what would it say to you right now?  

"It’s time to review your insurance providers.” And maybe it would give me credit for fewer Temu purchases. 

When you think about your retirement, what do you see? 

I envision myself as healthy and strong, journeying around the globe and performing as a singer in every nation, while also managing my own accounting firm without worrying about expenses. 

If you’d like to join the conversation and share your own experiences with money, we’d love to hear from you. Fill in this form, and we’ll get back to you. Ngā mihi!