Mary Holm https://maryholm.com NZ’s most trusted personal finance journalist Fri, 06 Dec 2019 11:16:28 +0000 en-NZ hourly 1 https://wordpress.org/?v=5.2.4 NZ Herald 7 December 2019 https://maryholm.com/nz-herald-7-december-2019/ Fri, 06 Dec 2019 11:00:45 +0000 https://maryholm.com/?p=9762 The 3 ways a reader has “chowed through” her mortgage It’s not wise to skip health insurance altogether Reader gives us a stats lesson, through Bonus Bonds Banks’ bonus savings products too complicated 2 readers tell of easy ways to give to charity No I don’t screen readers’ letters because of their attitudes QI’ve been working hard to chow through my mortgage as fast as I can.

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Money Talk December 2019 https://maryholm.com/money-talk-december-2019/ Thu, 05 Dec 2019 23:38:43 +0000 https://maryholm.com/?p=9725 Which is better — boosting your savings or paying down the mortgage faster than you have to? It depends. If we look at just the numbers, the comparison goes like this: How much interest are you paying on your mortgage? How much can you earn on your savings — after fees and taxes? Go with whichever is higher. Avoiding paying interest is as good as earning interest. There are a few complications...

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NZ Herald 30 November 2019 https://maryholm.com/nz-herald-30-november-2019/ Fri, 29 Nov 2019 11:00:05 +0000 https://maryholm.com/?p=9723 Clever ways to make Christmas less expensive and more fun Who’s creaming it, the lawyers or the banks? Bonus Bonds give reader nothing over 48 years An argument against online donations Give now rather than in your will, reader says Reader reckons he deserves his pension, after paying for others List of charities offering meaningful Christmas gift programmes QSome time ago...

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RNZ Radio 28 November 2019 https://maryholm.com/rnz-radio-28-november-2019/ Thu, 28 Nov 2019 02:19:55 +0000 https://maryholm.com/?p=9719 Westpac Massey Fin-Ed Centre conference on “Building financially capable communities: our pathways to success” Current Financial teaching in schools is not effective, especially for lower sociology economic kids Self efficacy — whether you believe your actions and effort will affect your outcomes — is more important to wealth than things like financial literacy. Can it be changed?

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NZ Herald 23 November 2019 https://maryholm.com/nz-herald-23-november-2019/ Fri, 22 Nov 2019 11:00:03 +0000 https://maryholm.com/?p=9715 Bonus Bonds work well as on-call account … … But not so well as a gift for grand-daughter. Other options for her Means-testing NZ Super may cost more than it saves Lower-income retirees already get more Take care with charity donations in wills Tell charities how you want to be treated … … Here’s what to do if they ignore your requests Reader excludes charities that hire telemarketers or mall...

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NZ Herald 16 November 2019 https://maryholm.com/nz-herald-16-november-2019/ Fri, 15 Nov 2019 11:00:50 +0000 https://maryholm.com/?p=9711 Q&As: What to do with a $200,000 Lotto win How does Inland Revenue handle Islamic banking? Drop in fund value explained 2 Q&As on handling charity donations after the donor dies Reader explains why millionaire could be aggrieved about NZ Super Another reader doesn’t buy my arguments on means-testing Super Is means-testing a far left idea? QI recently won $200,000 in Lotto.

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RNZ Radio 14 November 2019 https://maryholm.com/rnz-radio-14-november-2019/ Thu, 14 Nov 2019 02:15:47 +0000 https://maryholm.com/?p=9706 Listen to Part 1 here Emails and texts from listeners: No income of her own Self employed Employer talked worker out of it Worries about investment Fees Ethical investing Too little money Too old Control of investments Don’t trust govt Lack of govt guarantee Listen to the segment below, or click here to read Radio NZ’s summary. You can listen to these sessions as podcasts.

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NZ Herald 9 November 2019 https://maryholm.com/nz-herald-9-november-2019/ Fri, 08 Nov 2019 11:00:29 +0000 https://maryholm.com/?p=9702 Family tree doesn’t explain why women are worse off in retirement Should we give more NZ Super to those in need? Reader seeks ideas on giving to charity Offset mortgage one way parents can help children buy a home — but not a tax break Look beyond bank adviser Investors in KiwiSaver and other funds pay slightly less tax QStatistics report that women have less money in retirement and they live...

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Money Talk November 2019 https://maryholm.com/money-talk-november-2019/ Fri, 08 Nov 2019 00:13:17 +0000 https://maryholm.com/?p=9699 Ask someone which KiwiSaver fund they are in, and most will name their provider — a bank or other financial institution. But the provider doesn’t matter nearly as much as which type of fund you’re in. The choices, listed from low-risk to higher-risk, are: A defensive fund that invests largely in bank deposits. A conservative fund — mainly bank deposits and bonds. A balanced fund — roughly half...

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NZ Herald 2 November 2019 https://maryholm.com/nz-herald-2-november-2019/ Fri, 01 Nov 2019 11:00:42 +0000 https://maryholm.com/?p=9693 A new kitchen might be best use of $15,000 no longer needed What can 66-year-old do to improve her situation? Maybe work longer How to find a suitable managed fund When lending to family, have a way to get your money out Last week, in connection with a Herald series on women and money, I asked women who had questions about money to send them to this column. Today I respond to some of those...

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