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Reader poll

A holiday.
58% (263 votes)
A wedding.
28% (126 votes)
A house.
7% (32 votes)
A car.
6% (27 votes)
Education.
2% (7 votes)
Total voters: 455

In your opinion, what's the last thing someone should borrow money to pay for?

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Saving news

Posted in Personal Finance

What happened Friday

Updated
A review of things you need to know before you go home on Friday; Housing consents disappoint but other construction booming, Co-op Bank knocked back, flush bank accounts, higher consumer debt

What happened Thursday

A review of things you need to know before you go home on Thursday; mortgage approvals rise, IAG gets dominance to pay, more RBNZ currency intervention, swap rates steepen, full replacement cover returns

English reminds savers of no guarantee

English reminds term deposit savers there is no Government Guarantee and fends off Winston Peters' call for deposit insurance, but says in talks with Australia

What happened Wednesday

A review of things you need to know before you go home on Wednesday; companies confident, more real estate agents, more water policy, Tesla's for the Govt?, Co-op Bank cuts rates

What happened Tuesday

A review of things you need to know before you go home on Tuesday; more mortgage rate reductions, NZME float salesmen chosen, more research funding, paying for results

'OBR supports stability of banking system'

RBNZ's OBR policy signals decreasing prospect of taxpayer funded bailout of NZ bank in a crisis, S&P says

Your luck will run out

Your everyday behavioural choices will make a big difference to your ability to retire early and wealthy, Elizabeth Kerr says. Starting with the right habits is crucial

The surprising story of NZ’s biggest taxpayer

Terry Baucher argues the Govt shouldn't tax the NZ Super Fund. Points out it pays significantly more tax than residential property investors

What happened Friday

A review of things you need to know before you go home on Friday; BNZ special, record deficit, unhappy staff at ANZ, Heartland loses a top official, high LVR lending jumps, swap rates rise and steepen

What happened Thursday

A review of things you need to know before you go home on Thursday; FMA warning, massive housing value surge, another housing Accord, expanding dairying, sharp falls in swap rates and the NZD

What happened Wednesday

Updated
A review of things you need to know before you go home on Wednesday; more mortgage rate cuts, seeking more migrants, fatter home loans, more rail riders, Cullen fund managers underpaid

My favourite topic – your golden watch

Elizabeth Kerr says achieving your own golden watch is the penultimate in financial security

Harmoney attracts New York backer

Blue Elephant Capital Management to lend US$50 mln through NZ P2P lender Harmoney over 2 years, Says NZ in need of well-priced capital

What happened Tuesday

Updated
A review of things you need to know before you go home on Tuesday; record migrant arrivals, higher credit card debt, China growth still strong, swap rates fall

What happened Monday

A review of things you need to know before you go home on Monday; mortgage rates drop, LGFA rating support, housing politics, jump in rentals, jump in swaps, NZD holds

What happened Friday

A review of things you need to know before you go home on Friday; cleaner trucks, fewer on benefits, swap rates rebound, bankruptcies drop

Introducing Elizabeth Kerr

New columnist Elizabeth Kerr outlines how and why she will be writing about money and how to accumulate it

BNZ raises term deposit rates

Updated
A rise of four key term deposit rates by BNZ brings them more into line with other banks, but none are market leading. Cuts some key saver account rates

What happened Thursday

A review of things you need to know before you go home on Thursday; drama in the interest rate swap markets, jobs lost and gained, factories humming, NZD strengthens

What happened Wednesday

A review of things you need to know before you go home on Wednesday; BNZ cuts mortgage rates, Chinese inflation slows, Aussie mortgage risks low but rising, wholesale interest rates sink further