Author Archives: jdrohn74


Top 7 Credit Card Mistakes

Credit cards can be great financial tools, but carry dangers. Debt is an obvious risk, but there are others too. If you have credit cards, you want to make sure you are using them to your benefit and avoiding risks. 1. Annual Fees There are times when getting a credit card with an annual fee makes…

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Finance growth and green line

Growth vs Yield

Think of yield as what you get paid regularly, and Growth as how much our property increases in value. Both are important if you want to succeed in the New Zealand property market. You need yield to repay the bank for your mortgage but yield won’t be a significant contributor to your retirement savings. For…

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Secrets to Successful Refinancing

Unsatisfied with your rates or seeking better customer service? You’re not alone. There are always plenty of borrowers looking for a better deal. But while it might look like a good idea on quick glance, refinancing has its hazards and needs to be considered carefully before going forward. Refinancing may be a necessary tool for…

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Refinancing Credit Cards – Using Home Equity?

So people think of mortgages as good debt and credit cards as bad debt, but is it really that simple? It usually isn’t. Sure the idea of paying off debt that may have interest rates as high as 30% sounds great in theory, but there are some pitfalls when adding that debt into your mortgage.…

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Supermarket trolley filled with vegetables in aisle

Managing your food bill

Food can be one of the biggest areas of wastage in the typical house hold budget. A Myth is also that Nutritious wholesome food is unaffordable By putting some simple practices into your weekly plan you will see some massive shifts in your costs. 5 Simple practices  1 ) Plan ahead: Plan a weekly menu. …

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Talk finances before you tie the knot

It’s always fun to discuss the excitement of your wedding plans, but what about the not-so-fun topics? Among these are your personal finances and how you plan to handle money matters as a married couple. Before you take a vow to share the rest of your life with a significant other, you should have the money…

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Tips for first home buyers

As a first home buyer, there’s lots of things that you need to keep in mind.  Here are 5 tips on making sure that you get into the right home for you and your budget, while making the best decision possible for your future! Know your budget Make sure you have a pre-approval or really…

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Money Checkup

5 Steps for a Mid-Year Money Checkup

We’re halfway through the year. Are you halfway through your financial New Year’s resolutions? I thought I was, but after a quick check on my money I’ve been proved wrong. I’ve got some catching up to do before I can meet my financial goals by the end of the year. If you do too, we…

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To consolidate or not to consolidate?

Everyone knows that credit card debt is “bad” debt due to the high interest rates on most consumer credit cards. And also due to the fact that most items that relate to credit card or consumer debt depreciate or loose value very fast as opposed to your home mortgage which is for an asset that in most…

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Reserve bank’s announcement 19/07/2016

40 deposit restrictions for investors & further restrictions for first home buyers proposed by RBNZ The proposed changes announced on Tuesday has said no more than 5 percent of bank lending to residential property investors across New Zealand would be permitted with an LVR of greater than 60 percent. This will not only affect investment…

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