Posts Tagged ‘personal finance software’


alicia@heaps.co.nz

By Alicia

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How can you make it easier to understand your finances? By adding structure and getting organised! When it comes to understanding your spending, for some, a general overview is good, and for others, the more detail the better. You’ll notice the next time you log into heaps! that we have implemented a new look to the categories’ interface. We’ve added new style and effects so that when you categorise a transaction, you no will no longer have to scroll down and find your place again.

Also regarding transactions, there are new abilities for marking transactions as regular. When you categorise a transaction you will be able to mark an income transaction as being regular, and you when you mark any transaction as regular you will be able to enter a custom amount of how much you expect it to be each time. If you would like to allocate money towards your goal you can now do that on this page. Just click “I spent it on a goal” when you are categorising a transaction and heaps! will allocate this money for you. Too easy! Log in now to check out the new changes!


christina@heaps.co.nz

By Christina

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TheBigShwop

OrganisersDesigner clothes up for grabs, giveaways, and free wine – you’d expect this mix to result in a stampeding, chaotic mess.

But on Sunday, there was none of that at the St James Theatre where the Big Shwop was happening.  Instead, most participants went home with a brand new wardrobe and a guilt-free conscience.

(From left) Inga Boyd, Sarah Hopkins, and Christine McGonigal are the masterminds behind the event, and their vision behind the shwop is simple: fashion without sacrificing the environment.  This brilliant idea has the added benefit of being extremely gentle on the wallet.  Here’s how it works:

Shwoppers bring along unwanted articles of clothing in like-new condition and receive a voucher for each piece accepted.  Volunteers then spend a couple hours sorting the garments onto racks (donated by Icebreaker) while participants enjoy a free glass of organic wine, compliments of Momo.  Representatives from Kowtow and Trilogy are in attendance to give talks about the benefits of fair-trade and organic products.  When the shwopping begins, everyone’s on their own to find pieces of clothing they like and fit, and participants can redeem one article of clothing per voucher.  The idea is that everyone adds something new to their wardrobe without having to spend anything on it, and it’s good for the environment because no resources are being used to create new products!

Fashion on a budget

The entrance fee to the event was $20, so no, it wasn’t entirely free.  However, the giveaways alone were worth more than $20.  Women received a Trilogy Everything Balm (RRP $22), men received a Trilogy Aftershave Balm (RRP $32), and everyone received a free glass of Momo wine or Tuatara beer, a bar of Ecostore soap (RRP $4), and a choice of Trilogy face cleanser (up to a $32 value) if they brought an old used cleanser to swap in.  That’s more than $60 in free goods before we even talk about the clothes!

Giveaways

Since you had to bring clothes in order to get clothes, it was a good opportunity for me to clean out my wardrobe and get rid of those  I-rarely-wear-but-don’t-want-to-part-with-because-they’re-so-new items.  This event seemed like a worthy cause and a worth-it cause because I’d be getting something back in exchange (a bit selfish, but that’s the budget-brain talking).  I brought four items, and they accepted all four (the max was 20, but I couldn’t find nearly that amount in like-new condition).  So armed with my vouchers, I waited anxiously for the volunteers to raise the ribbon barring the staircase to the first floor where the racks of clothes were waiting.

ShwopI expected a scene comparable to the piranha feeding frenzies you see on National Geographic, and I had my elbows out ready to box out and stand my ground, but it was quickly evident that there was no need for that.  As soon as the volunteers gave the go, the herd of participants (women of all shapes spanning at least 3 generations) filed civilly up the stairs to browse the racks.  I headed for the row of tops first, since this was what was most lacking in my wardrobe, and my friend beelined for the dresses.  (We strategised ahead of time and agreed that splitting up while keeping an eye out for items for the other person would be the most efficient way to tackle this shwop.)  Soon, we had heaps of new threads to try on!

The fitting area was well-operated, limiting participants to 5 items per try.  Going with a friend made it easy because we took turns holding and trying on.  After making some tough decisions, I narrowed my picks down to 4 items and a pile of maybes.  In the end, my friend didn’t find enough clothes that suited her, so I benefitted from her extra vouchers.  (You’re the best, girlie!)

This was the first time the Big Shwop had a he-shwop section, but sadly, that demographic was poorly represented.  Another friend’s partner was the only possessor of a Y chromosome in sight, and it took him 5 seconds to scan the scant gents’ racks to decide there was nothing there for him.  I know it’s not really a guy-thing to swap clothes, but it’s such a resourceful way of updating your wardrobe!  Come on, guys!

Staying in the green (budget-wise and environmentally)

Staying greenSo was it worth the $20 entrance fee?  Yes, in a heartbeat.  One of the items I scored at the shwop was a $300-something pair of wool trousers by New Zealand designer Zana Feuchs.  The items I brought combined probably didn’t even total that.  Of course, I’m sure there were other participants who were less lucky and might not have found items that were worth their while.  So I’ve thought of a few things that might increase your chances of a successful shwop experience:

  1. Make sure that the clothes you bring are ones that you mean to get rid of anyway (and they do have to be well-made).  Even with the strict quality clothing requirements, it can be a bit hit-and-miss, and there isn’t a guarantee that you’ll find truckloads of things that suit you, so you don’t want to leave feeling bitter about the items you donated.
  2. Have in mind ideas of what you’d like to get so that you’re not overwhelmed and flustered.  Focus, perhaps, on a particular color, style, or garment type to narrow down your choices.
  3. If you didn’t end up using all your vouchers, don’t worry!  You’ll get credit for those at the next shwop you attend.

Overall, the Big Shwop is a well-organised, ethically and environmentally-minded, budget-conscious event.  Fifteen percent of the proceeds go to the Fair Trade Association, and all the clothes that remain are donated to charity.  You can hardly feel bad about the $20 you pay to attend, and if you consider that as part of your budget for clothes shopping, chances are high that you’ll be getting much more than that amount back in quality new clothes.

In the past, the Big Shwop has been held in Wellington and Auckland, so keep an eye out on their blog for the next one!

Hold your own swap party

Swap PartyIf you’re not in Wellington or Auckland (and even if you are), it’s really easy to hold your own swap with a group of friends.  I’m part of a regular one, and it’s a great, inexpensive way to update your wardrobe while spending a pleasant afternoon catching up.  Your swap doesn’t have to have an entrance fee or quality criteria like the Big Shwop, and there won’t be a huge crowd to compete with either.  If you hold them regularly, you can have a constantly evolving wardrobe without ever needing to buy new clothes!  Great for the budget and great for the environment!

What are some other ways of staying on budget while still keeping an interesting wardrobe?  For the guys, how could a clothes swap be modified so that you would want to attend?


christina@heaps.co.nz

By Christina

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TUANZ Innovation Awards

Kiwibank has been announced as a finalist in, not one, but…three categories for the Telecommunications Users Association of New Zealand (TUANZ) Innovation Awards!  AND every single one of these awards is for their part in bringing heaps! to their customers.

TUANZ is a not-for-profit membership association that has led the charge to improve competition for telecommunications services in NZ.  Their vision is for a New Zealand with a world-class communications system, with all Kiwis enjoying affordable, readily available connectivity.  This prestigious annual awards ceremony recognises outstanding innovation within the telecommunications arena in New Zealand.

Kiwibank is a finalist in 3 categories:

TUANZ Awards - Initiative

TUANZ Initiative of the Year Award Finalists (Pictured: Richard Westlake on behalf of Kiwibank, Michael Foley - Voco (sponsor) and Maxine Elliott - Vector Communications)

TUANZ Education Award (sponsored by Aurecon): For the most innovative education or training product, service or initiative developed in New Zealand, and delivered electronically to New Zealanders, which contributes to general education (applicable to whole life learning, e.g business, community, primary, secondary, tertiary, etc).

TUANZ Initiative of the Year (sponsored by Voco): For a product, service or application facilitated or enabled by the innovative use of technology in New Zealand, or by a New Zealand company overseas.

TUANZ Commerce Award (TUANZ’s own): For the most innovative financial product, service or initiative developed in New Zealand, and delivered electronically to New Zealanders, which enhances the customer’s experience.

The winners will be announced at the award ceremony on Thursday, 2 September at the Langham Hotel in Auckland.  Congratulations to Kiwibank, and thank you for being such a supportive partner!


shobita@heaps.co.nz

By shobita@heaps.co.nz

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Fun Budgeting

How many of you have seen countless tips on how to budget? I don’t know about everyone else, but every time I think about budgeting or tracking expenses, I get bored. Why does budgeting have to be so tedious and time-consuming?

Maybe if we make budgeting a little more fun, as hard as it may be, people will actually start to save money instead of just talking about it. Honestly, how many times have you said to yourself that you would start saving more money tomorrow, next week, in the following month? And how many times have you sat yourself down and planned a budget and started to track your expenses only to find yourself abandoning it three weeks later?

Listen to Others

For me, I particularly like listening to other people’s financial stories as it helps me with my budget. And when I listen to others, it motivates me to get my act into gear. Setting a goal especially helps me save money because then I actually have a good incentive to keep on top of my money.

A lot of people tend to follow in others footsteps. Which is why it is indeed a good idea listening to how others budget. Similar to how people talk about how awesome their new expensive shiny car is, and you have the strongest urge to go out there and buy an even bigger and more expensive car. Why can’t budgeting be like that? You should go out there and show off how much you are saving just by knowing where your money is going.

So we at heaps! decided that we would talk to some people about how they feel about budgeting and tracking their expenses. We hope you enjoy the video and that you are more motivated to be aware of where your money is going and to really understand your finances. Maybe it will provide a little boost to budget, and help you save. After all, that is what we are here for.

Personal Finance in Social Media

Yes it may sound odd, but it’s only for a good cause. Think of it as a Facebook, Twitter or Youtube for budgeting. It should be a very social thing. With everything pushed very quickly because of the internet, and communication being more convenient than ever, budgeting and tracking expenses should be pushed out there just like all the social media channels.

I really don’t think promoting budgeting out into the social world is very strange. Just think of it, if saving money was so much talked about, then you would start being motivated to do the same. So instead of wanting to beat your neighbours in how brand new your new phone is, how about showing off how stable your checking account is. And how your savings account is only growing.

The more mature generations should breed a new generation of youngsters who want to save. Considering the amount of debt we are all in, and debt being continuously spread (not just for individuals but for entire nations), let’s educate our children (more importantly, ourselves) so we can lead lives that are just a bit more stress free.

Small Start, Big Dreams, Bigger Savings

The video that we have is a small start no doubt, but it is a start nonetheless. When you watch this video, don’t think of it as another site pushing budget tips into everyone, but more of a video to help you get inspired to budget. Now that I’m about to stop rambling, go out there and strike up a conversation with your neighbour, friend, relative, bus buddy, and spread the joy of saving a few dollars. What have you got to lose?

Dare I ask, but how often do you share your financial life with anyone? Let me know if you think we’ve gone crazy. I mean how often do you come across anyone who wants budgeting to be the “in” thing?

Happy Budgeting!
-the heaps! team