Something’s bound to happen. 
You can count on it.

When it does,
you’ll be ready.

The goal: $1,000

As quickly as you can, find $1,000 and sock it away in its own account. Sell stuff you don’t need, find extra work, whatever it takes.

Why $1,000? It’s only a starter safety net – you may want more (if larger emergencies tend to find you!) or perhaps less (if you don’t own a car, for instance). If you’re not sure, work on putting away a grand. It’s a start.


Wait, wouldn’t it be better to pay off the debt first?

You could, but when something unexpected happens and it will! without a safety net you’d just have to run up your debt all over again. Getting sorted is about shedding your debt for good. There’s no point in borrowing more if you’re aiming to cut away from it completely. And it’s a great feeling to not have to go into debt when emergencies happen – you’ve got this!

What if I can’t afford this?

If money’s tight and it feels like this is out of reach, you probably need a safety net even more. When the unexpected happens, having a cash cushion will be that much more of a relief. Start by selling anything you don’t need or taking on a side hustle to earn money. Whatever it takes, it will be worth it.

How much can I put away from each pay?

You can build your safety net by paying yourself first each time you’re paid, but you need to choose a regular amount to save that works for you. Use our our budgeting tool to see how much you can do, and find any extra money you can among your everyday expenses.

Where should I store my safety net?

A separate account, but one you can get to within 24 hours. An online savings account (preferably earning a bit of interest) will do just fine, but perhaps with a separate bank to keep it ring-fenced from your other everyday spending. This is not money to invest, it’s money for insurance – “self-insurance” – since you’re covering yourself for the small disasters in life.

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Tick your boxes

It's so satisfying. You can track your progress using your dashboard – add a task to your checklist, or set a goal with the amount you're aiming for.

Save yours by paying
yourself first

When you're saving from your pay packet, it helps to pay yourself first – before all the other bills in your life that need paying. (Waiting to see what’s left over doesn’t work.) An automatic payment into your safety net account can make it easier, too.

But how much can you put away from each pay? Find extra money among your everyday expenses by using our budgeting tool.

A credit card is no safety net

If you typically rely on your credit card for emergencies, try something different this time. Sock away $1,000. Cash.

Getting sorted is about shedding your debt. There’s no point in borrowing more if you’re aiming to cut away from debt for good. And it’s a great feeling to not have to go into debt when the unexpected happens – you’ve got this!

Step 2

Get your KiwiSaver right

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Flick a question to the Sorted team, or reach out to MoneyTalks on 0800 345 123 for personalised help.


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