In this episode of Money Made Simple, join Jennie and Liv as they dive into the hot topic of the cost of living crisis, offering insights and practical suggestions to help you navigate what can feel like ever-increasing expenses. This episode covers:

• An exploration of the factors contributing to the cost of living crisis, including the pandemic, supply chain issues, labour shortages and geopolitical tensions
• A look at how the impact on everyday expenses in New Zealand, from housing to groceries, bills and beyond
• Discussion on practical cost-cutting strategies, such as smart grocery shopping, optimising household bills, and managing non-essential spending
• Personal experiences around how we've adjusted own spending in response to the cost of living increases
• Some great tips from other reliable sources
• Creative solutions for reducing expenditures while still enjoying your life, like entertaining at home and making the most of free communities activities

Resources we mention in this episode:

- Money Hub's guide on lowering your power bill
- Sorted.org for budgeting tools
- Genesis Energy’s advice on reducing hot water costs
- Repair Cafe

By the end of part one of this two part episode, you’ll gain some valuable insights into some of the drivers of the current economic situation and discover practical ways to stretch your dollar further during these challenging times.

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Disclaimer: This podcast contains personal opinions and is intended to provide educational information only. It doesn't relate to your particular financial situation or goals and is not financial advice or recommendations. Simplicity New Zealand Limited is the issuer of the Simplicity KiwiSaver scheme and investment funds. For product disclosure statements please visit Simplicity's website simplicity. kiwi.