Emergency money

RNZ Radio 30 July 2020

Economic wellness. Also National’s KiwiSaver idea.
– What ‘economic wellness’ means
– How can we achieve it
– Will our health improve if we achieve economic stability?
– Is it easier to be well if you have money?
Plus: Is National’s plan to let people withdraw $20,000 from KiwiSaver to start a business a good idea?

Read More

NZ Herald 18 July 2020

Q&As:
– 72-year-old should buy house she rents. Plus how to make her savings last
– Last week’s indebted reader should get a mortgage
– No choice but to apply for overseas pensions
– No government handouts without rules — but help is available

Read More

RNZ Radio 18 June 2020

Mixed messages to New Zealanders these days
– Some examples: work from home vs support CBD businesses, Buy NZ goods vs imports
– In more depth: Encouraging you to spend vs setting up your emergency fund
– 2 recent surveys: How big are people’s emergency funds? What are people doing about that?
– The big question: Is it selfish to look after your own finances, rather than helping the economy to recover?

Read More

RNZ Radio 4 June 2020

Keep your hands off KiwiSaver in economic downturn!

Commission for Financial Capability survey results. How we could do this better:
– Sidecar emergency savings fund attached to KiwiSaver
– More use of moneytalks.co.nz to access free financial advice and budgeting help
– Build up your own emergency fund

Read More

NZ Herald 23 May 2020

Q&As:
– Help abounds for young man who helped parents get a mortgage
– My tax info not good enough for accountant
– How to tell how strong your bank is
– Can you be in more than one Simplicity fund?
– House buying plan depends on two impossible forecasts
– Put most of savings into house deposit
– Young man loses house deposit in receivership
– Divorced woman, 59, should put most money into new home

Read More

RNZ Radio 23 April 2020

Take advantage of mortgage rate drop
– Try to keep up old payments and reduce your term and total interest
– Or set up a rainy day fund
– A warning: Don’t expect rates to stay this low forever. How would you cope if rates rise?

Read More

NZ Herald 4 April 2020

Q&As:
– Daughter, 21, puts her Mum right on switching KiwiSaver funds
– Son seeks research on trading versus buying and holding shares, to convince Dad
– Got your visa? Get into KiwiSaver
– Don’t wait until markets recover
– Is it wise to take a “mortgage holiday”?
– Are different bank accounts treated differently if “haircut” happens?
– Should retiree try his luck again on timing the market?
– 20-year-old should get into share market cautiously
– Moving to higher risk is a good move

Read More

Getting a KiwiSaver WOF

GETTING A KIWISAVER WOF — for people of all ages
Worried about how the Covid-19 pandemic is affecting your KiwiSaver investment, and wondering what to do about it?
Or is KiwiSaver the last thing on your mind? Maybe you were auto enrolled and have ignored it since.

Read More