he biggest expense for a young family is the cost of housing. Rent and mortgage payments are fixed costs which can only be reduced by moving to a cheaper house, so when it comes to saving money we need to look at the next biggest expense, and that is the weekly shopping bill.
Author Archives | lizkoh
Rent or Buy?
Posted on 30 September 2010.
Property prices have fallen significantly over the last two years making houses much more affordable than they have been for some time. Despite this, buyers are still in short supply.
Make your Mortgage Manageable
Posted on 16 August 2010.
Mortgagee sales are on the increase as a result of the recession and the property market downturn. If you are struggling with your mortgage payments how can you avoid having to sell your house? Here are a few tips that could help.
When Retirees Run out of Money
Posted on 14 August 2010.
One of the biggest financial risks faced by retirees is that they will run out of money before they run out of time.
Posted in Finance0 Comments
A Guide to UK Pension Transfers
Posted on 14 August 2010.
Immigrants from the UK and New Zealand residents who have worked in the UK usually find themselves leaving behind their locked-in pension funds when they arrive in New Zealand. This can present a number of difficulties.
Posted in Finance0 Comments
Use Market Volatility to Make Money
Posted on 13 July 2010.
Investment markets move in cycles and it’s difficult to forecast when they’ll rise or fall. Moving your money in and out of the market during a downturn means you could potentially miss out on any positive bounce in a strong market recovery.
What to do when Sharemarkets Fall
Posted on 06 July 2010.
It’s easy to invest when markets are running smoothly but when they fall your confidence can be sorely tested. More uncertainty in investment markets means more volatility and a need to review your investment strategy.
Posted in Finance0 Comments
How to Manage your Money in Retirement
Posted on 28 June 2010.
One of the biggest challenges in retirement is how to invest your money to provide an income while still protecting yourself against the eroding effects of inflation and income tax.
Posted in Finance0 Comments
Three Good News Tips for First Home Buyers
Posted on 21 June 2010.
For first home buyers the next few months are shaping up to a good time to buy and there are three reasons for this.
Posted in Finance0 Comments
Crunch Your Credit
Posted on 14 June 2010.
A line of credit, or revolving credit, is a very useful facility to have as part of your mortgage structure. The way it works is that you are committed to pay back only the interest each month and interest is charged only on the amount borrowed.
Posted in Finance0 Comments
How to be a Responsible Investor
Posted on 08 June 2010.
There is a worldwide trend for investors to want to make a positive contribution to the world by investing in companies that are socially and environmentally responsible.
Posted in Finance0 Comments
Top Up or Miss Out
Posted on 31 May 2010.
The end of June is an important date for KiwiSaver members. The financial year for KiwiSaver runs from 1 July 2009 to 30 June 2010 and if you have contributed at least $1,040 to KiwiSaver …
Posted in Finance0 Comments
Budget Winners and Losers
Posted on 24 May 2010.
The latest Government budget had something for everyone but while most households will be a few dollars a week better off, there are some clear winners and losers.
Posted in Finance0 Comments
Managing your Mortgage
Posted on 13 May 2010.
Buying a house is the most important financial decision that most people ever make. The financial consequences of taking on a mortgage can have either a favourable or disastrous effect on your future prosperity depending on how well your mortgage is managed.
Wealth is Just a State of Mind
Posted on 12 May 2010.
How you feel about your wealth can have a huge effect on your financial future. It is a well known fact that when people feel wealthy, they spend more, take on more debt or take more risks.
Posted in Finance0 Comments
Planning to Retire
Posted on 03 May 2010.
Retirement planning is not just about saving for retirement; it’s also about having a clear idea how you want to live your life in retirement …
Posted in Finance0 Comments
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