NZ Herald 29 November 2008
Q&As: Repaying a mortgage — on a home or rental property — almost always better than saving with term deposits; KiwiSaver works well for children; 3 Q&As on charitable Christmas giving.
Q&As: Repaying a mortgage — on a home or rental property — almost always better than saving with term deposits; KiwiSaver works well for children; 3 Q&As on charitable Christmas giving.
Q&As: A poem from the past shows how our attitudes to debt have changed. Will they change back again?; Reader wonders how long she has to wait for the government to change the law about employer KiwiSaver contributions.
Q&As: Do Blue Chip, finance company and other investment victims deserve what’s happened?; 2 Q&As on “nicer” ways to invest than rental property; Electronic tax payment problems not common.
Q&As: Why don’t banks lend money for share investment?; 2 Q&As on how you can best help your grandchildren (or children) into KiwiSaver; Christmas gifts for those who really need them.
The Other B Word. Budgeting is rather like eating healthily or exercising. Some people like to do it, but for others it’s a chore. And for many it’s a source of guilt. They think they should do it, but they don’t. This article could be yet another telling the laggards how they will be much better people if they keep track of all their spending. But that’s hardly likely to make any more difference than other such articles. As poet Robert Frost wrote: “Nobody was ever meant, to remember or invent, what he did with every cent.”
Q&As: Have you got what it takes to borrow to invest in a share fund?; How frequent traders in international shares will be taxed under the new rules; How Inland Revenue might catch property traders.
Digging your way out of the big hole. You’re never in debt so deep that you can’t get out again. At least one reader of this column will be reassured by this message from Raewyn Fox, chief exec of the Federation of Family Budgeting Services.
Q&As: Are home equity release (HER) schemes — which lend to retired people with homes but little income — a rip-off?; Sentinel defends its HER schemes, but they are still expensive compared with possible alternatives. Also: Seeking your questions about KiwiSaver.
Help for those in debt. Repaying high-interest debt is sometimes called the best investment. And there’s a way to do it that, I suspect, many people don’t know about.
Q&As: Lessons from the Bible: Is borrowing bad?; Is luck or attitude the secret to wealth?; Sharebrokers shouldn’t always be expected to give ongoing advice.