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@peersj54 Thank you @peersj54

@peersj54 Thanks for your comment @peersj54 Agree that term deposit savings are not going to be too high for a 6 month period. Also agree that it's better to have more more saved up. We don't want to miss out on experiences. We are travelling to SE Asia first and then Europe in the new year...

@spence Thanks @w3bd3v_Pick1394 That's what I thought. We don't need access to that money. I plan to dip into a little of the offset amount that we have saved up and then paying that back once we are earning again

@spence Thanks for your comment @spence We are in the fortunate position to be currently offsetting fully this portion of our mortgage. Additional funds in this account are not required. That's why we're considering either extra mortgage payments or a term deposit. Good point on the term...

@lovinganimals Both lower-mid 30s. Will probably settle back in Auckland and looking at Europe to settle for a year or Oz as a plan B

@lovinganimals Thanks for your comment @lovinganimals Yes agree with you access to cash is important. As I mentioned in other comment we are luck to have access to a decent amount in our offset (six figures) so dependency on access to every dollar isn't as vital as it otherwise might be We...

@odysseusreturns Thanks @odysseusreturns Yes I think I was getting myself confused here. I was doing the maths based on the below but not sure if this is the best way to do it || || |Mortgage amount - $130,000|Currently charged 7.05%| |Interest per year $9165|| |Interest per month $763.75||...

@mimijo Thank you

@mimijo Thanks @mimijo We do have a good amount in the offset account already (six figures) which should mean we will be comfortable enough. I also think paying down the mortgage now at these high rates is the right thing to do. Yes I do need to double check the figures. I'm ok at maths but...

Hello again PFNZ. I come here again asking for your wonderful advice please. My partner and I are planning on leaving NZ in November 2024 for a year or so to travel and work elsewhere before coming back to NZ to start a family. We are currently having a discussion between ourselves between...