Sorting your finances step by step. Based on Mary’s new book “Rich Enough? A laid-back guide for every Kiwi”: Why it’s best to do it in steps. Why the steps are in this order. What the steps cover: Step 1. Start now — it’s easy; Step 2. Kill off high-interest debt; Step 3. Set up insurance — and a rainy day fund; Step 4. Join the best KiwiSaver fund for you; Step 5. Boost your saving painlessly — how and where; Step 6. Stay cool; Step 7. Head confidently towards retirement — and through it; Step ? (when it’s the right time for you — if ever): Buy a house, or sell one.
Q&As: Single mother should stick with term deposits — but ladder them; 4 Q&As on whether mortgage interest should be deductible by landlords and homeowners; More people live in average rental property than in owner-occupied home; Taxpayers shouldn’t have to pay to get their tax return prepared; Reminder about getting maximum KiwiSaver tax credit.
Q&As: Should couple — with a possible baby soon — sell their rental?; What about another couple with teenagers, and an offer for their rental unit?; Real estate agents advises against quick sales, among other things; Government considering change to KiwiSaver employer contributions after 65; Reader is disgusted with teacher’s letter; Don’t overlook tax when comparing debt repayment with investing.
Q&As: Teacher loses KiwiSaver employer contributions at 65, but colleagues don’t; Pay off student loan or mortgage — or invest elsewhere?; Ex-real estate agent explains why it’s not wise to list with several agents; Why haven’t agents’ commission rates fallen as house prices soar?; Move to Kawerau not feasible, says Auckland pensioner.