Why this Taranaki couple earning $165k want to live with their parents

This story is part of Re:’s Money Week, where we take a look at everything from asking your boss for a raise, to explaining what inflation actually is. Check out the rest of the stories here.

Tama and Gina are mortgage free and collectively earn $165k a year. 

But after grinding through their 20s they have realised what matters to them most is being close to whānau. 

Tama’s mum and nan live across the fence and Gina’s parents live five houses down the road - but their goal is to buy a larger piece of land so more of their family can live together. 

“We are in a real privileged position where we can leverage them up by purchasing a large property, possibly building papakāinga styles,” says Tama.

A papakāinga is a traditional Māori way of living where whānau communally live together on ancestral whenua.

This video is part of our series called Show Us Your Money where a range of New Zealanders get candid about their money. We’re stripping away the secrecy around our bank accounts, and showing the reality of life in Aotearoa at different income levels. If you want to be part of the series, contact us at contributors@renews.co.nz with 'Show Us Your Money' in the subject line. 

See the rest of the series here: https://www.renews.co.nz/series/show-us-your-money/

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Money Week

Welcome to Money Week. For the past month, the Re: team have been looking into money and finance - how people live, what people can do and what things like inflation mean.