Financial Planning for Young Singles

Financial Planning for Young Singles

For young singles with a reasonably good income, life is full of possibilities. There is a lifetime ahead with many choices and opportunities along the way and plenty of time to recover from any mistakes made. However, choice can create uncertainty and confusion. It can be very hard to set goals when there are so […]

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Keeping Your Money Clean

Keeping Your Money Clean

Opening a bank account and buying and selling investments are not such simple processes as they were a few years ago. Now you must provide formal photo identification such as a passport or driver’s licence, proof of address, and, if you are transacting a large sum of money, evidence of how you came to have […]

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Power of $20

The Power of $20 a Day

Check your bank account and you are sure to find lots of small transactions that average at least $20 a day. A coffee, lunch, snacks, a beer or wine after work; each transaction is low in value but combined they can add up to a significant sum. Money can only be spent once and should […]

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Money Barriers

Money Barriers to Getting on With Life

It’s good to be cautious with money. However, is there such a thing as too much caution? When is it OK to take a risk? Throughout life there are significant events that require large amounts of money or which come with a high level of financial risk. The anxiety that comes with this risk can […]

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Tips for Successful Saving

Tips for Successful Saving

Tips for Successful Saving The first step towards creating wealth is also the hardest. Being able to spend less than you earn is a pre-requisite of every other strategy for wealth creation. Despite good intentions, savings plans are easily de-railed by distractions, disasters and lack of discipline. Here are some simple tips for improving your […]

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Rising Mortgage Interest Rates

Prepare for Rising Mortgage Interest Rates

Prepare for Rising Mortgage Interest Rates Inflation is on the rise and this often signals an increase in interest rates. The rate of inflation for the three months ended March, 2017 was 1%, which lifted the annual rate to 2.2% – the highest it has been for about six years. However, much of this increase […]

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Home Buying Mistakes

Home Buying Mistakes

Home Buying Mistakes The fear of missing out is continuing to fuel the property market. Buying in a heated market can lead to impulsive decisions with negative financial consequences. Here are the top five mistakes people make when borrowing money to buy a house: Relying on the lender’s analysis of how much you can borrow […]

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Health Insurance for Retirees

Health Insurance for Retirees

Health Insurance for Retirees Health insurance is a popular product, with around 30% of the population having cover, often through a workplace scheme. However, there is a high cancellation rate amongst retirees due to the big increase in premiums as you get older. After paying premiums for some years, often without a claim, is it […]

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Money for Retirement

Money for Retirement

Money for Retirement Calculating how much money you will need in retirement is no easy task. With life expectancies around 90, there is a period of 20 to 30 years to plan for.  A simple planning framework can help get around some of the uncertainties to make it easier to work out how much money […]

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Pre-Retirement Checklist

Your Pre-Retirement Checklist

Your Pre-Retirement Checklist Retirement is not what it used to be. There are many options for making the transition from full time work to being fully retired, ranging from early retirement to late retirement or a gradual shift through working part-time or choosing a less stressful job. Along with all these choices comes the dilemma […]

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KiwiSaver Home Buyer

Traps for KiwiSaver Home Buyers

Traps for KiwiSaver Home Buyers One of the best incentives for young people to join KiwiSaver is the ability to withdraw funds for the purchase of a first home. All but $1,000 can be withdrawn providing certain criteria are met. You need to have been a KiwiSaver member for at least three years and you […]

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Living on NZ Super

Living on NZ Super New Zealand is finally catching up with the rest of the world and considering changing the age of eligibility for NZ Superannuation from 65 to 67. However, the four-year process to make this transition doesn’t start for another twenty years. In the interim, the number of pensioners is burgeoning and life […]

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