You can get your finances back on track if you keep these tips in mind, say Newshub money reporters Simon Shepherd and Tony Field.
Don't try to save what's left at the end of the month. Set aside 5 percent or 10 percent of it at the start, but don't be silly – make sure you can pay off your bills.
Sign up to KiwiSaver, and if you're young get into a growth fund. You have time on your side. Growth funds are more volatile, but over time shares outperform bank deposits.
More than two million Kiwis are in KiwiSaver, but many more still haven't joined.
If you're a salaried employee you get the matching contribution from your employer.
If you put in $1042 you get an extra $521 every 12 months from the Government.
Make this a priority. Pay off your debt – credit card debt is dumb debt.
For at least a few weeks write down everything you spend.
That could be a shock, but it gives you an idea of where the money is going and what money you might be wasting.
You can also download apps to track your spending.
Do you want to take a holiday or buy a new TV? Create a savings fund just for that purpose.
Watch the video.