Monday media round-up 11/01/10
Monday media round-up 11/01/10
Welcome to the first media round-up for 2010 - a selection of personal finance stories from the last few days, with links to online versions.
From frittering to flying high
A year ago, high-earning Auckland couple Stephanie and Rod faced financial reality: despite salary increases and having no dependents, they were going nowhere (NZ Herald)
Martin Hawes: Written goals the way to go
"For years I have known New Year's resolutions are a waste of time... ...Yet I have long set goals for myself and know they are very powerful for achieving important things" (NZ Herald)
Bernard Hickey: Caution on a housing 'boom'
"Homeowners may be tempted to order champagne after predictions of a rise in house prices next year... ...Here are five reasons to stick to sparkling water instead" (NZ Herald)
Minsters back off compulsory third party cover
The Government is reconsidering proposals to introduce compulsory third-party insurance after a survey showed 92.4 per cent of drivers are covered. (NZ Herald)
'Ownership dream unrealistic'
House prices will go up, wages won't, and it will eventually be impossible for New Zealanders to buy their own home, commentators say (Dominion Post)
More families face debt blowout
The number of Kiwis vulnerable to high debt doubled in four years, the Treasury says, with one in five families spending almost a third of their income on debt repayments (Dominion Post)
Brokers pick their best stocks for the year ahead
The country's leading sharebrokers have picked a diverse range of stocks they expect to perform well in 2010 (The Press)
User comments higher mortage rates - are you prepared
Thats works ok until someone losses their job and the change in financial
conditions clause kicks in and you may not able to draw down on the
facility when you really need it. Have a seperate emergency fund at least.
Posted at 10:17 am on January 17, 2010 Higher mortgage rates - are you prepared?
Firstly there is no point having any savings if you still have a mortgage loan to repay. Basically you should discuss with your Bank of a Revolving Credit Facility or (in Westpac) a Choices Home loan which allows you to repay off a loan and draws it back out when you need it..for emergencies as you said. However if your current loan is frixed, then you might encounter some problems to have this facility.
Posted at 10:26 pm on January 11, 2010 
