31
May
Ali, Nelson.
Interest rates are the lowest they have been in decades. Use the money you are saving on interest to repay the debt principal. You do this my telling your bank to keep the repayments the same.
Category Archives: Money
31
May
KiwiSaver
A number of readers have asked about KiwiSaver. The best source of up-to-date information can be found at www.kiwisaver.govt.nz In our view its a great scheme, FREE money is something that should not be passed up. It is especially attractive for: Those who have yet to buy their first home (first home subsidy), Those approaching […]
31
May
Dee, Whangarei.
To teach our kids about saving on the outside of their money box we write down how much is inside and a target to be saved. Each week we count the coins and figure out how much needs to be saved to reach the target. Once reached we then put it into their KiwiSaver account. […]
31
May
O.R.
Put a note in your purse – “The easiest way to make money is by not spending it.” And put a note on your credit card – “Are you sure you want to do this?”, and a P.S. on the note: “Are you really sure you want to do this?”
31
May
A.C.
One method is to question yourself as husband and wife several times before buying anything. Do we both agree that we really need this? Can we borrow it? Hire it? Get it on special? Is there an alternative? Give it the ten-day waiting test – if the need remains go ahead, get it and enjoy […]
31
May
Pamflitt, Hawera.
Savings first! I make it a rule to buy one Bonus Bond for 20.00 every time a regular payment arrives in my account. This builds up quickly and produces some income through prizes some of which can be a quite decent amount. This can be done online and the amount deposited is always available if […]
31
May
Sucker list
Don’t get on the sucker list. Some people are suckers for anything new and anything peddled by high-pressure sales people. These seemingly charming gents and ladies have been trained in selling techniques. They receive a commission on everything they sell. Don’t let them talk you into a major commitment (that is, anything over $10!) without […]
18
Oct
Money matters
It’s money week so this week we are going to talk about rhubarb (just kidding)… we are going to talk about how to put more of your money into your pocket and less into someone else’s. Living off the smell of an oily rag means different things to different people. For some it’s about […]
12
Jul
Kids money
Its school holidays and a time to give young ones even more attention than they already receive. An excellent letter has prompted us to think about kid’s money. Stephanie writes, “Let kids save for their own college fund by encouraging them from a very early age to earn money by getting paid for what […]
17
May
Oily Rag Budget 2014
This week the Government released its Budget, so we thought this week we would deliver our Oily Rag Budget! While the number of zeros attached to the numbers is not up to the size of government, the principles are the same: spend less than you earn so you have money left over at the […]