Let’s Talk About Money Honey

talk about money

I want to talk about and plan our money, but my partner doesn’t!

Are you feeling nagged or hounded by your partner about money?  It can be very frustrating for you both when one of you wants to talk about money and the other one doesn’t.

Here are a few reasons that this can happen and what you can do about it. Continue reading

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Are You Living Your Relationship or Your Parents?

living your relationship

This may seem an odd question, but it is one I ask all the couples we work with and invariably they look at each other and say, “probably our parents.”  

Then I see their eyes light up as they realise how exciting it will be when they are living their own lives and making their own choices.  

By now you are probably imaging a couple who live at one of their parent’s home and are still supported by Mum and Dad.  Surely that must be what I mean when I ask are you living your relationship. But no, that isn’t what I mean.  Let me explain. Continue reading

Where are You on Kids and Pocket Money?

As I discovered when chatting to a group of parents about kids and  pocket money (allowance) the topic can get quite emotive! There are some quite disparate views about how much, when to start and whether or not it should be for doing family/household chores.

Everyone in the group gave their children pocket but the amount was the tricky part.  It seemed to be linked more to peer pressure about what other children were getting, rather than what the parents thought was appropriate.

This story from one Mum really highlighted the children’s understanding of the value of money.  “It was Christmas and each of the three kids got an envelope with $20 in it from their Aunt.  The 11 year old got mildly excited about $20.  The 7 year old thought it was a lot of money and the three year old wondered why his Aunt had given him a pretty picture…” Continue reading

What’s Holding You Back from Financial Freedom?

money mentalist

What’s holding you back from achieving your financial dreams – your Financial Freedom?  Do you even know?  Well, it is time to find out and to do something about it.

What I would like you to do is to write down (has to be on paper, not computer) a list of 20 things that are holding you back from achieving financial freedom.

Once you have done that, take a break, have a coffee/juice/water and walk around the block, or whatever it is you do to clear your head.  Then come back and have another look at the list. Continue reading

Will You Have Enough Money to Retire?

retirement

A scary question isn’t it.  We meet quite a number of people who don’t want to even think about retiring let alone thinking if they will have enough money when they finally do.

 The answer to the question was the subject of a presentation at a network breakfast I attended.  A certified financial planner used a case study to illustrate the point.

We probably all know this: we are living longer.  But maybe we hadn’t quite connected the dots in terms of having enough money to retire on. Continue reading

When to Teach Children Financial Literacy

Financial literacy for children is a hot topic.  Start them young so they learn to save not spend, is one school of thought.  But what if as a parent, you are struggling with your own financial literacy, can you be a positive role model?

Children and money is always a very interesting topic of conversation.

The question of what to teach children about money and when to start is something we are asked quite frequently.

We really like Rob Stocks article Cents and Financial Sensibility , his 10 point checklist, while somewhat tongue in cheek, does have a few gems in it. Continue reading

Could Your Relationship Survive a Mortgage Increase?

Mortgage IncreaseYahoo, you have the got the house!  It’s most parent’s dream is to see their children in their own home, just like them….its the pinnacle of success.

But now you have to face the fact that you have a home but you also have a mortgage and if you live in Auckland (NZ), that could be $800,000+ just to get into an ‘averaged’ price home.

On top of the mortgage there are all the other expenses that go along with home ownership like rates, insurance, maintenance.  Then, possibly additional transport costs if you have moved further away from where you work to get onto the property ladder. Continue reading