Kiwi’s typically go for shorter term fixed loan options chasing the lowest rate. But with rates at all time lows and signs longer term rates are on the move, is now the right time to lock in for the long haul?
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As a parent, there’s nothing more I want in life than a good life for my children. And as morbid as it sounds, if I died, I would want to ensure they still had that same opportunity.
Here’s why if you have a partner, children or other people that depend on your income to survive you need life insurance, how much you should have, how much it costs and how often it should be reviewed.
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The average survival for a Kiwi patient with advanced breast cancer is just 16 months, compared with two to three years, or more, in countries like Australia, Germany and France*.
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Once the tree has been taken down and decorations removed, many Kiwi’s will be left with one gloomy reminder of the holiday season: their credit card statements. Here are 5 simple ways to help you get through this Christmas’s money hang over.
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The vast majority of Kiwi’s never receive advice on their Kiwisaver, potentially missing out on hundreds of thousands of dollars at retirement. With Kiwisaver likely to be your second largest asset at retirement after the family home, it’s essential it’s set up to maximise your returns. Here are 3 things you can to do maximise your Kiwisaver today.
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Your quarterly guide to all things insurance, dispelling the myths and answering your questions so you can make an informed decision on your insurance needs. We look at the importance of protecting your income and learn how you can keep your premiums becoming too unaffordable.
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I hate to bring up the topic of Christmas so early but when it comes to avoiding the potential financial aftermath of yet another overly expensive festive season, it’s never too early to start preparing.
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With Spring now upon us, you’ve probably got a list of jobs that need to be done around the house. But with Christmas coming up, there’s no better time to give your finances a good spruce up too. Here are 6 simple ways to clean up your finances so you’re in tip top shape for the year ahead.
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Good news for borrowers as competition between banks appears quite strong at the moment. Most of the major banks have cut their one, two and three year fixed rates despite no significant decline in swap rates which underpin lending rates.
Should I fix or float?
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Wait for it… the secret to paying off your mortgage faster is literally to pay off your mortgage faster.
Confused? Don’t be. It’s simple. Make more repayments more frequently and save thousands of dollars in interest, then use those thousands of dollars of saved interest to repay your loan principal even further. Do this and you’ll shave years off your loan. Let me know show you how.
What is financial freedom? Financial freedom can be described as having enough wealth or passive income to cover your day to day expenses and lifestyle without having to actively participate in work. Where financial freedom differs from one person to the next is what that “lifestyle” looks like.
Save, save, save – there’s no tricks here, it’s as simple as spending less than you earn and putting that money aside where you can’t touch it. How? Increase your income – second job, get promoted, move jobs, get flatmates. Reduce your expenses – get a cheaper flat, live at home, get rid of short term debt, review your variable expenses – ie the non-essential cost to live eg eating out, entertainment. If you can save $200/week, that’s over $50k in 5 years and 10% deposit on a $500k home.
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