Kiwis get short term personal loans for various reasons such as financing a new car, renovating their house, putting deposits down for their wedding and more. But there are pitfalls to these incredibly easy to attain short-term loans. We go through their pros and cons as well as our top five alternatives to short term personal loans.
Rising interest rates continue to be a hot topic as more and more New Zealanders are having to refix after the much lower interest rates on offer during the pandemic. With more money going out to pay off your mortgage, we can you do? We ask this question and more to our Co-Founder of Futurebound and Financial Coach, Jeff, to put your mind at ease about rising interest rates and mortgage repayments.
If you're thinking that we're heading into a deeper recession you may be right. Like most New Zealanders looking to the future, you might wondering, how can I prepare my finances so that the financial blow is more of a light graze? We share five ways for you to prepare your finances for a recession so that you can have peace of mind when the next one strikes our economy.
If you’ve recently bought an investment property, or are thinking of buying an investment property, way to go! An investment property can be a great way to achieve a bit of passive income, grow your equity, and get a bit more financial freedom for you and your family.
Learn how to do a simple financial health check and identify any red flags such as debt, overspending and more. Your income is the greatest asset you have. With it you not only take care of your and your family’s current needs, but you also have the power to secure your financial future by building wealth.
Learn about the different types of spending and how much each should be with our spending plan and take control of your finances. Understanding each type of spending will help you get an overview of your spending, quickly adjust your spending plan when needed, and allow you to do simple financial health checks periodically.
Learn how short term debt can impact a mortgage application. Short term debt is so easy to use. Depending on your income levels and how much lending you are applying for, short term debt can stop you from getting
Learn to financially prepare for a baby. While a new arrival is an exciting change, it also means some big changes for your finances. The average cost of raising a child in New Zealand is around $16,000 per year.
Learn about the difference between a revolving credit and an offset loan and the advantages and disadvantages of both. The whole point of revolving credits and offset loans is to save you interest through ‘offsetting’.
Teaching our children, teens and young adults how to manage their finances is an essential life skill. In this article, I talk to Luke, a 16-year-old who has just landed his first part-time job working in hospitality. Luke was given a formula by his parents that emphasised the importance of savings from his first pay check.
