How financial education from our iwi helped us avoid bankruptcy
“Russell and I had to have the chat about, is it maybe best that we go bankrupt? Instead of actually saying, well look, we've got a problem and extending it out further than just ourselves.”
With a big whānau, and over $112,000 of credit card debt, Taranaki parents Crystal and Russell Hockley thought bankruptcy was the only way through their financial crisis.
After reaching out to local organisation Ka Uruora, the now debt-free whānau own their forever home; a home dedicated to their children.
In this new Re: News series, My First Whare, made in partnership with Westpac, we hear about how financial education changed the lives of five whānau, and how it helped them buy their first home. Watch the full series here on TVNZ+
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