11:45 am today

Personal finance: do you have savings for a rainy day ?

From Nine To Noon, 11:45 am today
Piggy bank with coins, X-ray (Photo by NICK VEASEY/SCIENCE PHOTO LIBRAR / NVY / Science Photo Library via AFP)

Photo: NICK VEASEY/SCIENCE PHOTO LIBRAR

The Retirement Commission's Money Month theme this year is the importance of Emergency Savings - the idea of having a bit aside for the unexpected. Kathryn speaks with money expert David Boyle, who says for many it is very difficult to save, but it is an important way to smooth-out life's little or medium financial emergencies.

David Boyle is the General Manager of Kiwisaver for Fisher Funds and was previously with Mint Asset Management and the Commission for Financial Capability. This discussion is of a general nature and does not constitute financial advice.