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Tag Archives | personal finance

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How Bankruptcies Work for Companies

One of the first things that your advisors will tell you when you start up your company is to legally separate your personal finances from your company finances. This separation is one of the biggest benefits of incorporating early. Legally separating yourself from your company helps keep your personal finances and livelihood protected if things […]

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Your Biggest Expense

Look at your spending over the last year and you will no doubt find that, aside from your mortgage or rent, your biggest expense is food. Cutting back on how much you spend on food each week is a great way to find a few extra dollars to add to your savings. Food bills can […]

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How Do You Compare?

A survey of around 1000 New Zealanders over the age of 18 undertaken on behalf of the Commission for Financial Literacy and Retirement Income in May this year shows some interesting statistics about how people use their money. These surveys have been undertaken every six months since November 2011 and show fairly consistent results.

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Money Management for Couples

The question of who takes responsibility for managing financial affairs and setting goals and priorities in a relationship is one that has a number of different solutions. The start of a relationship can mean a loss of financial independence that is difficult to adapt to. As a result, some couples choose to split bills in […]

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Tips for Your Twenties

What you do with your money in your twenties will have a significant impact on the rest of your life. Start off on the wrong track and it might take you years to get back on the right track. Make the right decisions with your money and your future life will be much easier. So […]

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All About Savings

There is really not much difference between spending and saving. All money is spent – it is just a question of when. When you receive money, you can choose to spend it now, a little bit later, or a lot later. Ultimately, money you don’t spend during your lifetime will simply be passed on to […]

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Compulsory Retirement Savings

There has been much talk recently about whether KiwiSaver should be made compulsory and the percentage contribution increased. In theory, there could be several economic benefits from this approach. As a result, millions of dollars would be saved rather than spent and this would help take the heat out of the economy and reduce inflationary […]

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De-stress your Finances

Worries about money can cause significant levels of stress that affect your quality of life, your relationships, your health, your ability to study and your career. American research shows that money is the prime cause of arguments between couples, with over 30% of arguments being about money. Couples who argue about money are 30% more […]

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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 […]

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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 […]

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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.

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