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Making the most of my new salary

Smart spending and saving

Celebrate for the long term

When you start to earn money, you may have an urge to spend in celebration. Keep in mind that there’s a difference between:

  • spending on one-off costs - buying new clothes, going on a holiday or saving up for an anniversary gift
  • taking on new ongoing costs - moving somewhere with higher rent, adopting a pet or increasing how often you eat at a restaurant
  • a combination of both - buying a new car that’s expensive to maintain or getting a new phone with a more expensive contract plan.

By accumulating too many ongoing costs, you can quickly end up living beyond your means. At the same time, if you haven’t budgeted for non-essential one-off costs, you may overspend without being prepared.

Saving with KiwiSaver - a little willpower now and the rewards later could be sweeter

It can be a great idea to put money away into your KiwiSaver account. As you keep working and contributing, your balance will most likely build over the years. KiwiSaver may be able to be used when you are buying your first home, although its primary purpose is to start building your nest egg for when the time comes to slow down or stop work, from age 65 onwards.

There are a few smart ways to make the most of KiwiSaver.

  • Employer contributions - Your employer must contribute 3% of your gross pay into your KiwiSaver account (if eligible).
  • Government contributions - You may be eligible to receive a contribution from the Government, at the rate of 50c for each dollar you contribute up to a maximum of $521.43 per year.
  • Contribute regularly - every little bit you save today will set you up for a sweeter reward in the future. The earlier you start, the more time your investment has to grow.

Learn more about smart ways to use KiwiSaver.

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Learn the basics of KiwiSaver

The AMP KiwiSaver Scheme is award winning

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Taking control of your KiwiSaver account

You could use KiwiSaver to buy your first home

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Important information

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AMP Wealth Management New Zealand Limited is the issuer and manager of the AMP KiwiSaver Scheme (the 'Scheme'). The Supervisor of the Scheme is The New Zealand Guardian Trust Company Limited.

For more information, download a copy of the AMP KiwiSaver Scheme Product Disclosure Statement and Fund Update Booklet, which have been lodged on the Scheme's offers register entry at

The content provided is intended to be used as information only and does not constitute financial advice. Before acting on any of the results provided, we recommend that you seek advice which takes your individual circumstances into account.