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Two Auckland shopping centres have teamed up with independent money guide Sorted to help shoppers spend their money more wisely.
Botany Town Centre and LynnMall Shopping Centre are adopting "smart spending" initiatives in conjunction with Sorted, a website run by the Retirement Commission, to help shoppers manage their spending.
Retirement Commissioner Diana Crossan said it was not about stopping people spending but encouraging them to work out financial goals and a realistic budget to achieve them.
Sorted.org.nz offers calculators and information to help people manage their personal finances.
It includes a tool called a spendometer to help shoppers work out the true cost of paying for things using different methods like cash, credit cards or a store card.
Botany Town Centre manager Jennifer Manning said the mall management was driven by the view that shoppers could take control of their spending but still have financial freedom.
Sorted display stands will be set up in the shopping centres, providing free, independent information on topics like budgeting, managing debt, saving and KiwiSaver.
- NZPA
