22jan spending wisely hero1
13 January 2022

5 top tips for spending wisely in 2022

New year, new me? Here are our top tips for making the most of your moolah in 2022.

1. You probably don’t need the extended warranty!

When you’re buying a pricey product like a laptop or fridge, some retailers tout an extended warranty as a way of giving you peace of mind and extra protection. However, in most cases, you’re paying for protection that is already provided by the law. The Consumer Guarantees Act requires goods to be of acceptable quality. If they’re not, you’re entitled to ask the retailer to put things right. Here's our guide to your rights.

2. Don’t assume the most expensive model is the best.

We’ve tested thousands of products at Consumer NZ and found some budget products can perform just as well as the premium ones. For example, a pair of Apple Airpods Max will set you back nearly $1000, whereas for less than $200 you can get a pair of AKG N60NC headphones, which perform well and we recommend.

Join Consumer NZ for access to thousands of independent test results for all types of appliances and products.

3. Use unit pricing at the supermarket.

Some supermarkets include unit prices on their price labels, making it easier to compare apples with apples. They show the cost per unit measure – for example per 100g or per litre – so you can tell if a large pack of pasta is better value than two smaller ones. Unfortunately, this isn’t mandatory for supermarket products, so you might still have to brush up on your maths.

4. Watch out for scams.

Online scams have skyrocketed during the pandemic and are getting more sophisticated and harder to spot. From parcel delivery to cryptocurrency investments and fake Facebook accounts, scammers will stop at nothing to trick you into handing over your hard-earned money. Here’s our guide on some of most common – and uncommon – scams we’ve seen doing the rounds, and how you can avoid them.

5. Don’t be sucked in by big box retailer sales

Last year we checked the pricing of several products at Briscoes, Farmers, Harvey Norman and Noel Leeming over 13 weeks. We found 27 out of the 31 goods were on sale at least four times. Some were on “special” every week! Do your homework before forking out to make sure you’re really saving money. If you’ve got your eye on a particular product, you’d do well to wait until it goes on sale – odds are it will be soon enough.

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mark s.
16 Jan 2022
consumer fails

-- far too often consumer recommends products that are only a point ahead of the competition at many times the price..on closer inspection the difference is not in key areas of performance


- what on earth are you doing recommending a cast iron frypan @ $250 - how is that different to $60 cast iron fry pans
- some time ago you recommended shower flow restrictors for $100s of dollars that would require a plumber to attach - when i pointed you could buya range of diy washers for $10; you didnt bother updating your article....

Kathryn J.
16 Jan 2022
Value for money

Yes absolutely agree. the value for money rating is the thing I am often most interested in.

I too have noticed a drop in the information given in consumer articles, I partly keep my subscription going because I value the consumer advocacy role played on issues like sunscreen effectiveness and supermarket pricing issues.

Annie T.
15 Jan 2022
Light weight and little effort

Too much of the content is now really light weight.
I find the content of this article disappointing in that it is either a repeat of information presented very recently and well publicised or an alert that could otherwise be discovered with some very basic grasp of mathematics.

I am seriously considering not renewing my membership. I have been a member since the 1990's.

Callum Masters
15 Jan 2022
Lightweight articles

Yes agree entirely. Not happy,with these "shallow" articles.

Susan D.
18 Jan 2022
Little Effort

Yep, I agree that we seem to be getting a lot of re-hashed articles. Also not thorough enough for my liking, i.e the article on Extended Warranty, yes home contents insurance will cover in many situations but you then have the cost of your excess to pay. I belong to Consumer to give me sound advice and ALL of it so I am making well researched decisions!

lynda S.
15 Jan 2022
unit prices/big box retailers.

Yep, good advice fre unit prices - I ALWAYS check & sometimes even the '2 for 1' deal isn't the cheapest. re Big Box retailers - use PriceSpy -they do all the comparisons for you.