Kiwis are being urged not to be complacent with their money despite a five-year low in bankruptcies.
According to Credit Simple, 3,215 Kiwis went bankrupt in 2017 - a drop of 15 per cent on the prior year.
Hazel Phillips, a spokeswoman for the credit score firm, said the five-year bankruptcy low was a positive sign for the New Zealand economy.
"Our economy has been steadily rising over the past few years, which helps create jobs, boost personal finances and bring bankruptcy levels down."
But with the change of government and housing prices continuing to rise, Kiwis needed to continue making conscious budgeting decisions now, she said.
"The outlook is still good, but there are a number of changes that people should bear in mind: this year we have a new government, new legislation being passed and it's difficult to predict what will happen to our economy."
Phillips said it was crucial that Kiwis continue to budget and ensure they have an emergency fund to fall back on if personal circumstances suddenly change.
"Having a cushion of money to draw on if you lose your job or enter a tough spot
financially means not having to rely on high-interest sources of credit, which can sting
you more in the long term."
She also said Kiwis needed to be careful about what they can afford when borrowing money.
"If you begin to struggle and ignore your bills, it can significantly damage your credit score and can often be the start of falling into bad financial habits."
Phillips urged people to seek budgeting advice if they began to get into trouble.
New Zealanders going bankrupt