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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Lifestyle, Money Mindset, Personal Finance, Purpose & Passion

The Six Ways I’ve Made Money This Year

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Hi friends,

It’s only the end of September, yet so far, 2018 has been a very interesting year for me – in life, in love, and in finances. A few years ago, like most people, I worked full-time and had one income, but this year so far, I’ve earned income from several different sources – six to be exact. Today I’ll share with you these six ways I’ve made money this year.

First, let me take you back to last year, 2017 – where I lay the foundations for where I am today. Let’s go in quarters, shall we?

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Lifestyle, Money Mindset, Personal Finance

Is the Entertainment Book worth it?

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Recently, my partner and I made the exciting yet slightly unsure decision to buy an Entertainment membership. You may have heard of the Entertainment book, which claims that you can “discover thousands of valuable 2-for-1 and up to 50% off offers for many of the best restaurants, cafés, arts, attractions, hotels, travel, shopping and much more.”

How true is this? Today, I’d like to share with you our experience so far.

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Budgeting, Money Mindset, Personal Finance

How I Saved $232 a Month While Looking for a Job

Hi friends,

Today I wanted to share with you how I reduced my monthly expenses, and talk about whether I’ve noticed much difference in my life. I’d like to thank a brief period of unemployment that motivated me to make these positive changes, some of which were only temporary – if it weren’t for my need to reduce expenses, I might’ve never truly evaluated where my money was going, and what was important to me.

Here’s exactly what I cut back on..

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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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