The timeline of what to do with your money, when

11/03/20 • 35 min

Each week the NZ Herald's Cooking the Books podcast tackles a different money problem. Today, it's the different money moves you should make at different times in your life. Hosted by Frances Cook.
It's all very well to know the basics of what you need to do with your money, but if you're just starting out, it can be hard to know the first step.
After all, you might want to pay off debt, start investing, and get a good savings account going, but you only have a certain amount of money.
That decision paralysis of where to make those first changes can be what stops many of us from making the easiest changes.
Or if we start with the wrong thing, it can blow up in our face, and we get discouraged.
No worries though, we've got some simple steps to figure out where you're at in your financial journey, and what you should be focusing on next.
For the latest podcast I talked to Tim Fairbrother from Rival Wealth.
We discussed what to do first if you've never paid much attention to your money before, saving versus paying off debt, and when to start investing.
If you have a question about this podcast, or question you'd like answered in the next one, come and talk to me about it. I'm on Facebook here https://www.facebook.com/FrancesCookJournalist/ Instagram here https://www.instagram.com/francescooknz/ and Twitter here https://twitter.com/FrancesCook

See omnystudio.com/listener for privacy information.

See omnystudio.com/listener for privacy information.

Previous Episode

How to pay off debt faster

Each week the NZ Herald's Cooking the Books podcast tackles a different money problem. Today, it's how to pay off debt faster, and pay less overall. Hosted by Frances Cook.
There's quite enough to be feeling nervous about these days, with the Covid-19 situation changing every five minutes, and regularly throwing curveballs to the economy.
So if you've got some debt you were meaning to deal with, it's probably making you feel a bit vulnerable.
The problem with debt is it's one more thing that makes everything else worse. If you lose your job it's another bill to keep paying off, or if you are trying to save some money for emergencies, it's another thing soaking up your spare cash.
But don't despair. There are ways to pay off debt faster, so that you pay less overall, and get that monkey off your back.
For the latest podcast I talked to Kate Reddington from Sorted.
We talked about how covid-19 has changed the debt stress, the techniques to pay it off faster, and what to do if a debt collector is involved.
If you have a question about this podcast, or question you'd like answered in the next one, come and talk to me about it. I'm on Facebook here https://www.facebook.com/FrancesCookJournalist/ Instagram here https://www.instagram.com/francescooknz/ and Twitter here https://twitter.com/FrancesCook

See omnystudio.com/listener for privacy information.

Next Episode

What to buy when you can't buy a house

Each week the NZ Herald's Cooking the Books podcast tackles a different money problem. Today, it's the options for your financial future when houses are just too expensive. Hosted by Frances Cook.
OK, if you're feeling a little frustrated by the housing market, you're not alone. It's daunting if you're a first home buyer right now.
When Covid-19 first hit, all of the economists were predicting house prices to slide, as a knock-on effect of our economy getting a hammering.
Instead our country has handled the virus remarkably well, the economy is much better than expected, and house prices, well, they're racing away.
The latest OneRoof Property Report shows that in the time from August to October alone, Auckland prices jumped a shocking 2.8 per cent.
So, does this mean you should give up? No.
Does it mean you should put yourself in worrying amounts of debt, so that if one single thing goes wrong the bank takes the house back off you? Also no.
There are other ways to boost your wealth to give you financial security, and it can also be a path to get you a house further down the road, if that's what you want.
For the latest podcast I talked to Mark Lister from Craig's Investment Partners.
We discussed what other options you have for securing your financial future, if you can retire without owning a home, and how investing in other areas could help you get a house deposit.
If you have a question about this podcast, or question you'd like answered in the next one, come and talk to me about it. I'm on Facebook here https://www.facebook.com/FrancesCookJournalist/ Instagram here https://www.instagram.com/francescooknz/ and Twitter here https://twitter.com/FrancesCook

See omnystudio.com/listener for privacy information.