Category Archives: Debt

Credit card debt

Rachel writes in reply to our column about a spend-nothing year. “I was interested because I have Done the same thing. I had run up a credit Card unwisely. I saw an ad on TV saying If I transferred my balances to their bank they would give me 0% interest for a year. So I […]

Managing debt

Hardly a week goes by that we don’t hear of another hard-luck story from someone who has ended up in a financial mud pool because they did not follow some pretty basic rules about money. Anne from Auckland is determined not to end up in that mud pool and has asked for some tips about […]

Mortgage repayments

The general principle is to repay as much as you can as often as you can. • Use windfall gains to make lump sum repayments (e.g. an inheritance, the sale of a second vehicle, an unused boat or caravan, etc). • Have a coin tin. If you are collecting coins at a rate of $20 […]