Borrowing is not all bad — it depends why we borrow. Reserve Bank Governor Alan Bollard has been telling us off because we keep raising our mortgage debt. But, from the individual’s point of view, how bad is that? It depends on why we borrow.
Borrowing tricky between family or friends. A quote recently caught my eye. “The easiest way to teach children the value of money is to borrow some from them,” it said. But that applies not only to children. Adults, it seems, take much more notice when someone has borrowed from them than when someone has lent to them.
Kids, cash and cards: Help your children learn about money. Also in this issue: From the Mailbox — Saving for the children’s future.
Wellington and Christchurch dwellers big spenders and risk takers. So much for Aucklanders’ image as the big spenders, risk takers and owers of debt! Wellington and Christchurch dwellers are more inclined to put some of their savings into high-risk, high-return investments than Aucklanders, a recent survey shows.
‘His & Hers’ investment styles: How gender affects the way we invest. Also in this issue: From the Mailbox — Borrowing to invest, eg in a rental property.
Getting into gear: Borrowing to invest makes a good investment better and a bad investment worse. Also in this issue: Great Debate — Fixed v floating mortgages.
Burrowing into borrowing: Buying goods and services using credit cards or hire purchase can hurt your wealth. Also in this issue: Great Debate: Credit cards v EFTPOS.