RNZ Radio 20 August 2026
Clever mortgages — and a place to park your rainy day money
– 43% of NZers ahead on mortgage payments
– Good place for emergency money — why?
– 3 types of mortgages: offset, redrawable, revolving credit
Clever mortgages — and a place to park your rainy day money
– 43% of NZers ahead on mortgage payments
– Good place for emergency money — why?
– 3 types of mortgages: offset, redrawable, revolving credit
Setting up a rainy day fund
– Sorted Money Month: This year — emergency money
– Good for mental health
– How to set up a fund and how much
– Sorted Buffer Builder app
– Putting money slightly out of reach
– “Give it to charity”
Stay put when shares and KiwiSaver funds wobble
– US data on investing lump sum
– Best and worst days close together
– NZ data on investing $100/week
– Get in and stay in
– Don’t try to time markets
The power of drip feeding into investments
– 3 reasons it works well
– What is dollar cost averaging?
– Why does it work?
– What if you have a lump sum?
Are house price falls good or bad?
– Who benefits
– Who should be indifferent
– Who is harmed
– What about whānau — extended families?
– A shift away from property to shares?
Is KiwiSaver leaving some people behind?
– Increasing calls to change this
– Lower income people less likely to contribute
– Hardship withdrawals increase
– Suggestions: children’s accounts, change govt incentives, contributions to beneficiaries, sidecar accounts
Sad stories and help for financially struggling people
– Retirement Commission (Te Ara Ahunga Ora) — conference highlights.
– Stories of financial hardship
– How financial mentors help — but they’re losing funding
– How banks are helping
– Some good news
Are you making the most of bank deposit insurance?
– What is covered and what not?
– How to make the most of it
– Use a higher-risk deposit taker to get more interest?
ACT’s good KiwiSaver idea — and the 2 KiwiSaver changes I most want
– ACT idea: $500 to every Year 11 student. Learn about investing. Reward at end.
– My change 1: Govt pays 3.5% KiwiSaver contributions for beneficiaries.
– My change 2: Sidecar KiwiSaver accounts to use in emergencies.
Laddering — best way to invest bank term deposits. Can also ladder mortgages.
– Advantages: Often better interest rate. Frequent access. You won’t get it wrong with all your money!
– How to set up laddering.
– Ladder your mortgage.
– Also — bargain with your bank.