What do they do? Do I really need one? And how much do they cost? Gillian Boyes from the Financial Markets Authority breaks down the basics. When it comes to important money decisions, having someone to help can make a big difference. A financial adviser can be your money coach – they can help you … Read more
The end of the wage subsidy is expected to trigger an avalanche of financial hardship requests. Budgeting services and financial mentors are bracing to meet it head on. It’s been a surprisingly quiet few months for most of New Zealand’s budgeting services. Spending was down during lockdown and with more than a million people tended … Read more
‘Risk’ isn’t a popular concept in these uncertain times. But financial advisor Jas Gill says rather than running for the hills, we should think about our goals and assess the risks accordingly. In a global pandemic, fear is probably the only thing more contagious than the virus itself. Fear breeds panic and panic leads to … Read more
With the global economy due for another slowdown, coupled with major economic disruption caused by Covid-19, we’re standing on the precipice of what looks to be a long and hard global recession. So what can we do to protect ourselves? Accountant and financial blogger Sam Harith has some advice. 1. Identify your personal income stream(s) … Read more
In the first part of our new series with Kiwibank answering your questions about Covid-19’s impact on New Zealanders’ finances, a reader asks about ways to get their business through the economic downturn and take advantage of new opportunities. Kiwibank’s Nigel Gaudin responds. Dear Nigel, I run a small retail business with five staff and … Read more
In times of economic uncertainty, good information can be an invaluable commodity. So we’ve been working on a way to channel it to you. For many people, knowing what to do in our radically changing economy is like trying to figure out what to do when the power in your house stops working. You’re at … Read more
What is a managed fund and how does it work? We’re here to answer all your questions and more. Let’s start with the basics: what even is a managed fund? As the name suggests, a managed fund is an investment fund that’s taken care of by a team of experts. When you put money into … Read more
Host of personal finance podcast Cooking the Books and now author of a book dubbed ‘the realest guide to money’ Frances Cook tells us why it’s so hard for people to be open about money, finding new ways to channel her spending habits, and why more young women should look to invest. Read more: … Read more
The Sallies are so fed up with mobile traders preying on poor areas and trapping people into crushing debt that they’re firing back with a rival service. When the Salvation Army first started in New Zealand in the 1800s it noticed the bakers of the day were exploiting people with extremely high bread prices. So, … Read more