Budgeting experts warn parents to steer clear of tempting interest-free finance deals - but none of the parents spoken to by the Herald heeded that advice. Most other parents spoken to used long-term finance offered and spread payments over 50 or 60 months. Cameron knew of families cutting back on food so they could make payments on long-term finance. Many New Zealand parents got into debt to buy their children a device for school. The $50 a month per child goes towards school stationery, activities, school camps and other essential items.

Source: Otago Daily Times January 25, 2021 20:48 UTC