Lifestyle, Money Mindset, Personal Finance

My 2018 Money Wins + 2019 Goals

Hello friends, and Happy New Year!!!

I hope you’re all having a wonderful holiday season and feeling rested, refreshed, and inspired for the year to come! This time of the year always calls for reflection and aspiration, so today I’m sharing with you my 2018 money wins – the best things I did for myself financially. I’ll also share with you my financial goals for the year to come.

2018

Money Win No.1 I did a 0% balance transfer
I shared a little about this in How I’m Paying Off My Debt Faster | 3 Easy Ways. Instead of letting the interest-free period on my credit card balance pass and consider it sorted if I met the minimum payments, I said “no thanks” to 25.99% interest and transferred it to my bank. More than just the benefit of having tons of time to pay off the balance, the peace of mind I had made it easily one of the best financial decisions I made last year.

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Homeownership, Personal Finance

How to Buy a $650,000 House in NZ

Trade Me Property Search

Hello friends,

Today I will be answering a big question: how might two people earning an average salary buy an average priced property in New Zealand?

Writing this out of curiosity and to inspire & inform, I need to make a few disclaimers. The first is that I will be making assumptions. The second is that I will be over-estimating and simplifying numbers & figures. Banks and financial entities have this disclaimer when presenting their calculators – and creating hypothetical scenarios here is no different because it’s not realistic to personalise this to everyone’s individual situation.

In saying that, I’ve chosen what I believe to be realistic – of the average millennial earning average dollars buying an average house – based on my experience, my knowledge of others’ experiences and good ol’ fashioned research!

I hope this helps to give you an idea of how two people in New Zealand might buy what is officially called an ‘affordable home’ in New Zealand, at the humble price of $650,000.

Let’s call them Jessica and Noah!

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Money Mindset, Personal Finance

How I’m Paying Off My Debt Faster | 3 Easy Ways

Becoming debt-free has always been one of my biggest personal finance goals – and last year, I got to say that I achieved this. It was the moment I received a letter from my finance company confirming that my car, a gorgeous red Mini Cooper, had officially been paid off!

YASSSSS!!!

For a time, I had no consumer debt – and it felt good not to owe anyone anything. Unfortunately, this didn’t last too long because shortly after, I had to get several expensive dental treatments. Fortunately, my local dental clinic partnered with a finance company to offer interest-free finance for 6 months – so naturally, I went ahead for the sake of my oral health.

This interest-free finance felt like a personal loan, but technically, it was a credit card – and once issued, I was approved with a credit limit way higher than I needed. Seeing that they wanted me to spend more, accruing more interest, I reduced my credit limit immediately to help myself resist the temptation to spend. On top of this, here’s 3 more easy, effortless ways that I’m paying off my debt faster that you may find helpful too!

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