Personal Finance

With Australia moving to ban unfair trading tricks and traps, Consumer NZ is calling for NZ to do something similar due to insufficient protections under existing laws

With Australia moving to ban unfair trading tricks and traps, Consumer NZ is calling for NZ to do something similar due to insufficient protections under existing laws

The first crack in the dam appears with the Red Bank raising home loan and some term deposit rates in response to higher wholesale rate moves

The first crack in the dam appears with the Red Bank raising home loan and some term deposit rates in response to higher wholesale rate moves

Households aren't as flush as they used to be. Rather than locking funds away in term deposits to work their money harder, they are holding it in ready cash to be more resilient in case the unexpected happens

Households aren't as flush as they used to be. Rather than locking funds away in term deposits to work their money harder, they are holding it in ready cash to be more resilient in case the unexpected happens

First home buyers take out the bulk of June's $244m in early KiwiSaver withdrawals

First home buyers take out the bulk of June's $244m in early KiwiSaver withdrawals

Another week, more geopolitical risk, and solid moves up for wholesale interest rates. The recent stability of fixed mortgage rates seems ready to give way to a new push higher, despite lackluster housing demand

Another week, more geopolitical risk, and solid moves up for wholesale interest rates. The recent stability of fixed mortgage rates seems ready to give way to a new push higher, despite lackluster housing demand

'Paycheque to paycheque' - A quarter of New Zealanders can't cover a $500 shock, Kiwibank savings survey suggests

'Paycheque to paycheque' - A quarter of New Zealanders can't cover a $500 shock, Kiwibank savings survey suggests

Lynda Moore says the more we deny ourselves something, the more we crave it. The stricter the prohibition, the more spectacular the failure

Lynda Moore says the more we deny ourselves something, the more we crave it. The stricter the prohibition, the more spectacular the failure

The popularity of floating rate mortgages continues to decline as interest rates rise

The popularity of floating rate mortgages continues to decline as interest rates rise

Following the RBNZ's rate hike and bank pass-throughs to floating rates, attention now turns to pressures on home loan fixed rates where pressures are building too

Following the RBNZ's rate hike and bank pass-throughs to floating rates, attention now turns to pressures on home loan fixed rates where pressures are building too

Lynda Moore says money can buy comfort, convenience and opportunity - and those are wonderful things. But it is unlikely to build the life you want. That comes from a different place

Lynda Moore says money can buy comfort, convenience and opportunity - and those are wonderful things. But it is unlikely to build the life you want. That comes from a different place

Anthony Grant reminds trustees that all serious decisions should be the subject of collaborative discussion in which all trustees take part

Anthony Grant reminds trustees that all serious decisions should be the subject of collaborative discussion in which all trustees take part

Westpac is the first bank to move its floating home loan rates up after the OCR hike, and some of its savings rates too. Kiwibank follows with BNZ, ASB and now ANZ too

Westpac is the first bank to move its floating home loan rates up after the OCR hike, and some of its savings rates too. Kiwibank follows with BNZ, ASB and now ANZ too

Lynda Moore says if you are asked to lend to someone close to you, make the decision thoughtfully, protect your own financial wellbeing, and be clear about the expectations from the start

Lynda Moore says if you are asked to lend to someone close to you, make the decision thoughtfully, protect your own financial wellbeing, and be clear about the expectations from the start

Banks go into defensive mode on home loan rate offers as the winter season wraps around the housing market. Borrowers will have to sit tight and just take these levels, but those who can wait for spring will be hoping for more competitive offers then

Banks go into defensive mode on home loan rate offers as the winter season wraps around the housing market. Borrowers will have to sit tight and just take these levels, but those who can wait for spring will be hoping for more competitive offers then

Lynda Moore notes that financial education isn't simply about teaching children to save. It's about helping them understand choices, priorities and consequences, and those lessons are best learned through experience

Lynda Moore notes that financial education isn't simply about teaching children to save. It's about helping them understand choices, priorities and consequences, and those lessons are best learned through experience