Money Conversations

Read More

SpeechBubbleMoney Conversations

Money is a huge part of our lives and yet we are reluctant to talk about it. Of course, it is often the subject of arguments and the cause of anxiety when it is in short supply, but that is not the same as having an objective, forward-looking conversation about money. Our desires are unlimited whereas the supply of money is not, so to get the most enjoyment out of life we need to make the best use of our money. Money is neither derived nor spent in isolation. There are other stakeholders involved, such as life partners, children, parents, employers, business partners, banks and professional advisers. They all have a role to play in helping us get the maximum benefit from the money we have.

Within a relationship, it is a good idea to schedule time to talk about financial matters on a regular basis. The link between shared goals and the soundness of a relationship is indisputable. No matter what the age of your children, start talking to them about money at an appropriate level to help improve their financial literacy. Aging parents need help with making sensible investments, ensuring they have sufficient funds to last through their retirement and making plans for the transition of wealth to the next generation.

Reluctance to talk about money with employers or business partners can impact on present and future income. If you are an employee, make sure you are being remunerated at market rates. Maintaining a close relationship with banks and professional advisers can only be of benefit. They have expert knowledge which can help you structure your borrowing in the best way, manage your money more effectively, and provide advice on financial products. It is time to let go of inhibitions and secrecy and talk more about money.

Related Articles

Economy
Liz Koh

Budget Winners and Losers

The latest Government budget had something for everyone but while most households will be a few dollars a week better off, there are some clear winners and losers. In the winners’ corner are businesses, those on high incomes, and savers. The biggest losers are property investors who have built large portfolios financed partly by tax rebates.

Read More »

Top Up or Miss Out

The end of June is an important date for KiwiSaver members. The financial year for KiwiSaver runs from 1 July 2009 to 30 June 2010 and if you have contributed at least $1,040 to KiwiSaver during that time, you will be eligible for the full amount of Government tax credit to be paid into your KiwiSaver account in July.

Read More »

Responsible Investing

There is a worldwide trend for investors to want to make a positive contribution to the world by investing in companies that are socially and environmentally responsible. If you are passionate about the effects of climate change, the scarcity of food and water, and social or environmental policies in general, then you will no doubt wish to ensure that the companies in which you invest are going about their business in a manner that is consistent with your views.

Read More »

Helping You Live your retirement To the Max

Keep in touch

Fill in your details and we’ll get back to you in no time.