Search results

@phydaux We spent more than half of our emergency fund on a holiday (and paid it back). It was worth it! I would take the 50% figure with a grain of salt - I’m sure it will include those with offset/floating mortgages who are overpaying all their savings into them, but can draw down easily in...

@shoeshavetongues One thing on the home ownership front is the compulsory savings - you HAVE to pay your mortgage every month. It doesn’t sound like this is a factor for you as you are investing anyway. But for some it can be hard to invest every pay cycle - each time an unexpected bill comes in...

@daughteroftheking2016 Admittedly I’m not up to date with costs of university. But it should be entirely possible to put yourself through university in NZ through (interest free) student loans and a small job. In contrast it is almost impossible to purchase a first home these days without...

@robbentley I feel like Scott Pape’s Barefoot Investor steps are more relevant in an NZ context. I would pay off the house sooner in NZ and not save for kids college. He is Australian so it’s not perfect but there is a guide to interpreting the steps in NZ.

@sherylb I