Listeners tell us who they think needs financial help
Entries into our Christmas book giveaway on who you would give my two latest books to, and why
– Themes running through the entries, examples and comments
– The winners
Q&As:
– Off the boat and on to a degree at 50
– Best place for 11-year-old’s inheritance
– Term deposits or cash funds for money to spend soon?
– Reader caught out by falling markets
Plus:
– Winners of Gift Book Giveaway
Q&As:
– Small savings safe in KiwiSaver — as long as …
– How to withdraw retirement savings set up in three tiers
– An example for a fairly risk-averse retiree
– What to use instead of a cheque in the Christmas card
– No, I haven’t been ripped off!
Plus:
– Enter the giveaway of my books for Christmas
Which funds, in and out of KiwiSaver, are best at different life stages?
– It’s not actually about age
– How to set up your savings
– Best low risk investment?
– Best medium risk investment?
– Best higher risk investment?
– Review situation once a year
Q&As:
– How to invest while living a gypsy life — for saving for anything else
– Oops! Growth funds don’t work for short-term saving
– When your money really is goneburger
– How to pick which share platform to use
– Why 4 “good” shares are not performing well
– Worries over whisky
Q&As:
– Financial mentors offer free help for everyone who is struggling
– A good reason to switch KiwiSaver fund
– Reader “aghast” at my “cherry picking” in fund comparison
– Why passive share funds won’t take over entirely
– Life insurance advice from one who knows
Bridging the gender retirement gap
Ideas from a conference on how to help women increase their retirement savings:
– Why the gap is there
– Suggestions on government action
– Suggestions on employer action
– Suggestions finance industry action
Cutting back your spending
Some more unusual ideas on ways to spend less:
– Wait for a week
– Stay away from shops
– Separate bank accounts
– Ideas from FIRE (Financial Independence, Retire Early)
– Wear the same clothes repeatedly
– Fish and chip dinner parties
– Many other great ideas from listeners
Q&As:
– Bonus Bonds weren’t only about returns
– Gold is not the best spot for reader’s inheritance
– Are billionaires the new millionaires?
– Retirement savings idea not a winner
– Unfairness in treatment of overseas pensions?
Some shocking results in survey on New Zealanders’ finances
Canstar Consumer Pulse Report 2022:
– More than half spend more than they earn — especially young
– 2/3 don’t have enough rainy day money
– Nearly ¼ don’t save anything
– Only 45% are debt-free, excluding mortgages
How you might change your habits.