DUX Talk
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By now you may have heard about the budget today, and some of the changes to KiwiSaver.
I am not going to talk about the politics of it all, but more just the changes to KiwiSaver and what this might mean to you and some things to consider. I will try to keep this as short as possible but it may be a little long.
You'll see this ridiculous picture in captions everywhere where someone's complaining about cutting out a daily work coffee to save money. The meme suggests that saving $20 a week gives you $80 a month or $960 a year. They've even got the maths wrong by assuming exactly four weeks in a month. After 10 years, you've supposedly saved $9,600, which isn't enough to buy a house, so you might as well enjoy your coffee.
I see ads like this all the time from other advisers and it tends to annoy me.
It’s a clear play on the meme that went around ages ago about cutting back on coffee of avocado toast to save for a house.
It’s designed to get you annoyed, give you some FOMO and make you think you need to do more, and they can sell you on buying rental property, with the aim that this helps you pay off your loan faster.
An applicant’s medical history makes up an important part of any insurance application.
As time has progressed the human body has become subject to an ever-increasing number of new medical conditions. To better understand rare or unusual conditions the insurance underwriters have two key places to gain information when assessing an application.
Retirement planning in New Zealand requires more than just relying on NZ Superannuation. With inflation, rising living costs and varying lifestyle preferences, retirees need to consider their financial resources and future goals. Here’s a breakdown of retirement expenses, financial strategies, and how to prepare for this stage of life.
The property we brought three years ago, needed some modernisation and so we went about the process of getting quotes etc.
We wanted to try and support locally owned and operated businesses. This a great in theory but can pose some challenges in practice.
Financial Wellbeing means different things to each of us.
It can be as simple as your ability to manage your money. And isn’t necessarily dependant on the amount of money you have.
For me it is more than just being able to pay your bills.
Most people save what’s left at the end of the month - if there’s anything left at all.
But what if you flipped that habit on its head?
Can Coffee and a Mortgage Coexist?
For many, a daily takeaway coffee is a simple pleasure—a small ritual that jumpstarts the day. But when considering mortgage affordability, a common question arises: Do small lifestyle expenses, like coffee, really stand in the way of homeownership? The short answer is No, but financial awareness is key.
As a financial adviser in New Zealand, I often see business owners overlook the critical aspect of shareholder protection. This form of insurance is designed to safeguard your business if a shareholder becomes critically ill, disabled, or passes away.
Financial Wellbeing means different things to each of us.
It can be as simple as your ability to manage your money. And isn’t necessarily dependant on the amount of money you have.
For me it is more than just being able to pay your bills.
Financial Wellbeing means different things to each of us.
It can be as simple as your ability to manage your money. And isn’t necessarily dependant on the amount of money you have.
For me it is more than just being able to pay your bills.
For me it is a deeper sense of balance, a feeling of security that I am gaining control over my day to day expenses, and that there is an element of freedom to make choices to enjoy life and looking to the future having both short term and longer term financial goals.
Financial wellbeing and mental health (and then physical health) are closely linked: when one drops, we often see the other follow. There are 5 keys to financial wellbeing – this is the third article in the series of 5.