Do You Know Your Numbers?

Your money

What do I mean when I say you need to know your numbers?  Let me explain.

You pull out your favourite pair of jeans that you haven’t worn for a while and you can’t quite get the zip up.  No, they haven’t shrunk, you have expanded (put on weight…).  So you decide to do something about it.

Off you go to the gym (or Weight Watchers) and what is the one of first thing that happens?  You get weighed, then the measured and body fat pinchers come out.  At the end of that first session, you know your numbers! Continue reading

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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

Why Can’t We Make Saving Fun?

Saving money. We all know we should be doing it for retirement and have money tucked away for a rainy day.  But it is harder said than done.

The reality is, if you don’t pay yourself first, you will end up paying yourself last and there won’t be anything left!

But saving money just isn’t as much fun as spending it.  Saving money for retirement is just too far away when you are in your 20’s or 30’s, having the newest and latest piece of technology is much more exciting.

Gerry Mitchel in his recent article for The Meridian Star  ‘The Psychology of Saving’ makes some very interesting points. Here is a snippet. Continue reading

Three Critical Rules of Money Management

coins_2Happy New Year!  We hope that you have had a fantastic time over the Christmas/New Year period and enjoyed a least a few days off.

It’s (late) January, a time for reflection about last year and looking ahead at self-improvement for this year.  Once you have worked through the diet and exercise goals (they always seem to be fairly near the top of my list), there’s the money planning for the year.

Here are the Three Critical Rules of Money Management that you need to incorporate into your planning.

Continue reading

Spring Clean your Finances

I woke up this morning with the urge to clean!  No, I don’t mean the usual push the vacuum cleaner round; do a bit of dusting clean.  I mean the empty the cupboards out, see what is lurking in the back of the pantry and have a good old decluttering session.

20140928_102029Maybe it has something to do with spring; the trees are just starting to blossom and the garden is coming back to life after winter.  So the urge is there to get ready for summer.  Or maybe I am just sick and tired of opening a cupboard and all this ‘stuff’ that I don’t use or need stares back at me and it is time to do something about it.

That got me thinking, we should also spring clean our finances on a regular basis as well.  Have a look at all the automatic payments and direct debits that come out of your bank account.

Do you know what they are for?

Do you still want the service you are paying for?

It is also a good opportunity to review other expenses like your insurances, phone and power provider to see if there are any deals you could capitalise on.

What about your credit card?  If you have a balance just sitting there that won’t go away, are there any options by changing credit card company that could help reduce the cost.

Don’t forget to look at your savings, when was the last time you increased your contribution to your savings plan?  If you got rid of a couple of unused subscriptions, you could divert the money to savings instead.

Oh well, it’s back to the kitchen cupboards for me…..

If you would like some help decluttering your finances, feel free to drop us an email or give us a call

 

5 tips to help you cope with Money and Depression

Robin_WilliamsIt was with surprise and sadness that we learned of the death of Robin Williams.  How could someone who gave so much to everyone else not realise that he was loved in return?  The answer of course was that insidious illness, Depression.

Then I saw this headline in the NZ Herald “Williams was depressed and broke”.  It was only a few months earlier that Charlotte Dawson also suffering from depression and ‘jobless and penniless’ ended her life as well.  It seems that depression and money problems are a dangerous combination.

I don’t know the details of either’s financial circumstances other than what has been in the media.  But both had been in the situation of earning very good incomes during their careers, they enjoyed the good things in life and were able to be generous to their friends and family.  Then for whatever reason the money stopped flowing and life became even more difficult when combined with depression. Continue reading

What does wealth mean to you?

Typically in our society wealth is equated with how much money we have.  Wealth can mean different things to different people and what it means to you comes down to your core values.

key to wealthAs a money mentor I love to listen and learn from as many different experts and  differing perspectives about money as I can.  So it was with eager anticipation that I attended Dr John Demartini’s recent talk on wealth in Auckland.

I wasn’t disappointed, it was fascinating. I could really relate to what he was saying.  It isn’t just about changing your money behaviours, you need to go much deeper than that and explore your beliefs and core values.

When you ask a room full of people how many of them want to be financially free most of the room put their hand up.  When you ask the same room to put their hand up if they are financially free, very few do.  Why is this? Continue reading