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KiwiSaver

Going from debt to building wealth: Your way to a richer future

There’s no magic in becoming financially fit. But Credit Simple’s Four Pillars of Wealth approach can help you get there. Going from debt to building wealth is easier than you might think. We guarantee there are people around you earning no more than you do who are well on their way to wealth. Here’s how to become one of them: Pillar one: spend less Do you know your needs from your wants? It’s only you who suffers if you’re not…

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Five ways to screw up your retirement: a lifelong project

Step One: Spend money you don’t have First of all, you probably want to spend lots of money. More money, in fact, than you’ve got in the bank. Let’s say you’ve got a good job and you’ve found a place to rent in the Auckland market and you’re happy with your lifestyle. Why not crank it up to the next level by moving out of your flat, buying a bigger car on HP and maybe going on that overseas’ holiday.…

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hand holding burning money
Are your finances on FIRE? (That’s Financially Independent, Retiring Early)

If you’re anything like the average Kiwi, you see retirement as something that happens after you turn 65 (or, *cough*, 67). You stop working, live off the pension, and you’re Officially Retired. But it doesn’t have to be that way, and there are people all over the world challenging ideas about post-65 life. Here’s five things you should know about the New Retirement. Your finances can be on FIRE One of the ‘new ways’ is called FIRE  –  Financially Independent…

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Retired couple sitting on chair looking out at Lake Wanaka
Five simple facts about retirement for Kiwis (and why you need to get your ducks in a row)

We haven’t paid into the Cullen Fund for seven years Heard of the Cullen Fund? It’s named after Michael Cullen, who was Minister of Finance in 2001 when the fund was set up. It’s also called the NZ Super Fund, and it’s designed to partially fund our retirement pension. The fund is currently $33.1b. In July 2009 the National government stopped contributing to it, and if that hadn’t happened, it would have been $52.6b in January this year (according to…

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Free money, anyone? Cash in with KiwiSaver

Have you got your free five hundy for the year yet? That’s $521 free money of yours sitting at the Inland Revenue Department (IRD) waiting for you to claim it. Here’s how to milk your KiwiSaver. The big five hundy What? Yes, every single person in the country aged over 18 can get $521 a year back from the government. But you’ll need to be in KiwiSaver to get this tax credit (read more on the IRD website). When you sign up and…

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Man using ATM outdoors
Does your bank reckon you should have your KiwiSaver with them, all under one roof? Read this first

I banked a cheque the other day (yes, I know! Some people are still using cheques) and as I stood there at the counter, the teller asked me if I had my KiwiSaver with the bank. “No, it’s elsewhere,” I said. “Why don’t you bring it to us?” he asked. “Because I’m with another bank and their fees are lower,” I said.  “But you should have your KiwiSaver with your everyday bank,” he argued. Now this made me a bit…

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The four pillars of wealth: Your way to a richer future

There’s no magic in becoming financially fit. But Credit Simple’s Four Pillars of Wealth approach can help you get there. Going from debt to building wealth is easier than you might think. We guarantee there are people around you earning no more than you do who are well on their way to wealth. Here’s how to become one of them: Pillar one: spend less Do you know your needs from your wants? It’s only you who suffers if you’re not…

read more