Tag Archives | money management

Tips for Lending Money

When money is tight, family and friends are often called upon for a loan.
It’s nice to help people but lending money on an informal basis can be a recipe for disaster.
Here are some of the problems that could arise:

Continue Reading
Posted in New Zealand 0 Comments

The Changing Role of Financial Advisers

Financial advisers have been working under their new regulatory framework for nearly three years and many have changed the way in which they operate over that time. In 2011 the Code of Professional Conduct for Authorised Financial Advisers, which sets clear standards for the provision of financial advice, came into force.

Continue Reading
Posted in New Zealand 0 Comments

The Impact of Rising Interest Rates

The Reserve Bank’s recent increase of the Official Cash Rate (OCR), albeit a small one, heralds the start of a new cycle in interest rates. The outlook for New Zealand economic growth is good, thanks to construction in Christchurch and a buoyant export sector.

Continue Reading
Posted in New Zealand 0 Comments

Retirement Planning for Second Time Couples

Retirement planning is complicated enough for any couple, but when there is a second time relationship involved, there are even more issues to consider. In many cases, for couples coming together later in life after a previous relationship there is disparity of both assets and income.

Continue Reading
Posted in New Zealand 0 Comments

The Ironies of Money

Some people have an obsession with wealth – how to get more of it and what to buy with it – and they dream of the feelings of security and freedom that come with it. Yet the irony is that such people are not the most likely to become super wealthy. Successful wealth creators are driven not by the motivation to create vast wealth or by what they will do with the money.

Continue Reading
Posted in New Zealand 0 Comments

Get Ready for User Pays Retirement Care

If you have ever flown Economy Class on a long haul flight and looked with envy at the First Class passengers enjoying their extra leg room, fancy meals with real plates and cutlery and personalised service, you will know what it will probably be like in rest homes and retirement villages of the not too distant future.

Continue Reading
Posted in New Zealand 0 Comments

Using Interest-Only Mortgages

An interest-only mortgage, as the name suggests, is one where no principal repayments are required to be made during the term of the loan. It is usual for an interest-only mortgage to be interest-only for a fixed period of time, such as two years or five years, after which it can either be converted to a table loan (principal and interest) or rolled over as interest-only with the approval of the lender.

Continue Reading
Posted in Finance, New Zealand 0 Comments

Time Running Out for Pension Transfers

Proposed new IRD rules which may take effect from 1 April, 2014 will treat transfers or payments from overseas pensions as taxable income with certain exceptions. For the first four years of being in New Zealand the portion treated as income will be 0%.

Continue Reading
Posted in New Zealand 0 Comments

Apples and Oranges

There is a plethora of options available for investors wishing to place their money in a managed fund or portfolio. Differences in the way fees are charged and returns reported have made comparisons between funds akin to comparing apples with oranges.

Continue Reading
Posted in Finance, New Zealand 0 Comments

The Unders and Overs of Insurance

Insurance is one of those things that most people need but resent having to pay for. When money is tight, it is often insurance premiums that get cut from the budget. With an increasing amount of insurance being bought online or over the phone without advice there is a real danger that more and more people will be either over-insured or under-insured.

Continue Reading
Posted in Finance, New Zealand 0 Comments

Get Rid of your Money Hangover

The party is over and it is time to take stock of the financial damage done by holiday excesses. If you are feeling as though you have a money hangover, here is what to do so you can get back in control of your finances.

Continue Reading
Posted in Finance, New Zealand 0 Comments

A Fresh Start

The start of a new year is often a trigger to re-evaluate life in general, to set new goals, and to think about what needs to be done differently. Throughout the year there can be other triggers such as the end of a relationship, the birth of a child, or a financial catastrophe which demand that things be done differently.

Continue Reading
Posted in Finance, New Zealand 0 Comments

Make Your Resolutions Real

There is a good chance, in fact about a 50% chance if the psychologists are correct, that some time in the New Year you will make at least one resolution. Researchers have found that the most popular resolutions fall broadly speaking into four categories: health and lifestyle, personal development, relationships and money.

Continue Reading
Posted in Finance, New Zealand 0 Comments

Get Ready for 2014

It’s time to down tools, tidy the office, leave a holiday message on the answer phone, prepare for guests or pack suitcases. It’s as if 2013 can be put in a box and filed away, with a clean start to be made in 2014. Now is a good time to think about tidying up your financial records, particularly if you are intending to travel.

Continue Reading
Posted in Finance, New Zealand 0 Comments

The Intricacies of Personal Loans: Why You Might Not Qualify?

Lending money is risky business. Earlier this month, The Aleph Blog provided some great insight as to why one should never co-sign for even their loved ones in Don’t Co-sign, Ever, but just as this type of lending is risky to the co-signor, so too is the process of personal loans risky for the bank.

Continue Reading
Posted in Finance 0 Comments

How to Deal with Irregular Income

Being self employed comes with greater independence and flexibility of working hours but it can also mean an irregular income. Real estate agents, commission sales people, contractors, temporary or casual workers and a host of other occupations come into the same category as small business owners in this respect.

Continue Reading
Posted in Finance, New Zealand 0 Comments

Get More Happiness for your Money

One of the world’s most successful investors, Warren Buffet, made a pledge in 2006 to give away 99% of his fortune during his lifetime or on his death since making this decision to give away his wealth, Buffet says he ‘couldn’t be happier’ and ‘the asset I most value, aside from health, is interesting, diverse, and long-standing friends’.

Continue Reading
Posted in Finance, New Zealand 0 Comments

Have Your Cake (and Eat it Too)

When money is limited, we need to make choices. By spending money on something we want, we forego being able to spend the same money on something else. Wouldn’t it be great, though, to have your cake and eat it too! Believe it or not, there is a way.

Continue Reading
Posted in New Zealand 0 Comments