A recent survey found that 25% of New Zealanders with mortgages are concerned about their ability to pay – 1 in 4.
Variable mortgage rates are now at their highest levels in a decade and roughly a third of all fixed mortgages are up for renewal over the next 12 months.
Add in rising food and petrol prices, you know the story – the strain is beginning in many households.
So how can you reduce debt stress?
Clear it obviously – or reduce your exposure to it, start living within your means and maybe go back to that old fashioned idea of saving up for something rather than borrowing someone else’s money
Duration : 0:3:58
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