How to buy a home and still have a life

How to buy a home and still have a life With the cost of buying property on the rise, many families and individuals are sacrificing other financial commitments to afford the home they want. So how can you budget for your home without being too frugal in your savings and spending? We talked to CERTIFIED FINANCIAL PLANNER® professional Michael Hayward from Capital Partners about getting the balance right between financing a home and other lifestyle goals. …

How to spend more to save Penny wise, pound foolish rings true today

How to spend more to save The old saying “penny wise, pound foolish” couldn’t ring truer than in today’s throw-away world of overconsumption and excessive production of disposable items. Did you know that many manufacturers have been using techniques to deliberately reduce the life of a product to increase its replacement rate and sell you the same thing again? It’s called planned obsolescence. Some products are not built to last. Others are specifically designed to make …

Is it better to buy an investment property or home first?

Is it better to buy an investment property or home first? There’s a lot to consider when buying an investment property or home, especially for the first time. Have you been saving for a long time and feel ready to get into the property market? Maybe you’re considering buying a home to live in or investing in a property you can rent out to somebody else. Either way, it’s worth knowing some more about both …

Should I buy or rent? (Video)

Should I buy or rent? (Video)  Louise Lakomy CFP® Louise has a wide range of experience and depth of knowledge in all facets of financial planning providing advice over 15 years specialising in retirement strategies. As part of the Financial Planning Association’s Ask a Planner video series, Louise Lakomy CFP® answers the commonly asked question, “Should I buy my own home, or continue to rent and put my money towards other investments?” If you …

Helping your kids buy a home

Helping your kids buy a home Increasing house prices are good news for property owners but can be a bit of a hurdle for people trying to get into the market. If, like many of our clients, your goal is to help your children buy a home, there are a few ways you can help. Perhaps some of the tips below might give you an idea or two to discuss with your adviser. 1. Start …

Money can buy you happiness, you’re just spending it wrong

Money can buy you happiness, you’re just spending it wrong This is the view of Dr Michael Norton from Harvard Business School. Michael’s research indicates that money can indeed make you happy if you use it to buy experiences, time, or invest in others. Buying experiences – when we buy experiences, we don’t just buy the duration of that experience. Michael’s team’s research found that we’re happiest the day before leaving for a holiday–the anticipation is …

Money can buy you happiness – if you spend it right

Money can buy you happiness – if you spend it right At AMP’s recent Amplify program, high-profile Harvard Business professor and behavioural finance expert, Michael Norton, asked the crowded room a question. If you found $20 in the street today, how would you spend it to make yourself happiest?  Norton, whose TED Talk on money and happiness has attracted almost 3.5 million views, followed up with another question: Think of the last $20 you had …

Is it better to buy an investment property or home first?

Is it better to buy an investment property or home first? There’s a lot to consider when making such an important purchase, especially for the first time. Have you been saving up for a long time and finally feel ready to get into the property market? Maybe you’re considering either buying a home to live in or investing in a property you can rent out. Either way, it’s worth knowing some more about both options …

Saving Money While Following Eco-Friendly Habits

Saving Money While Following Eco-Friendly Habits Saving the environment is one of the few noble causes that we can work towards. The best way to save the environment is to adopt eco friendly habits that help us save the environment for ourselves little by little. While it is a popular saying that going green isn’t the easiest way, it is definitely worth the try because of its benefits to us. Going green doesn’t only help …

Purchasing a property

Purchasing a property  Finding the right property and making all the arrangements to buy it can take time. It’s a big financial decision so it’s important to look at as many properties as possible and make the right choice. It’s also a good idea to speak with property experts such as real estate agents, bankers and mortgage brokers. Before buying a home you should: consider the financial costs involved find the right lender and home …