5 Steps to becoming debt-free

Dec 17, 2018 2:38:08 PM

Online shopping means spending money has never been easier. The convenience of never having to leave home to buy everything you need comes at a price though, as it’s just as easy to overspend and end up in debt. The good news is it is possible to break that cycle of overspending and be debt-free. We share a few simple steps to help get you started.

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Topics: Debt Consolidation, Debt to Income Ratio, Household Debt, Christmas Debt, Christmas spending, Mortgage Debt, Debt-free

Would Debt-to-Income restrictions solve the housing problem?

Jul 17, 2017 11:00:00 AM

Earlier in June 2017, the Reserve Bank released a consultation paper on setting restrictions that would limit the amount buyers could borrow for their mortgage based on their income. If these measures are deployed, it’s estimated around 2,000 owner-occupiers and 9,000 investors a year would effectively be cut out of the property market. Would this solve New Zealand’s housing problem? Read on to find out more.

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Topics: Debt Consolidation, Debt to Income Ratio, new zealand real estate, First Home Buyer

Debt to income ratio – will it affect you?

Dec 12, 2016 10:00:00 AM

There’s been quite a bit of media hype in New Zealand recently around the possible introduction of restrictions to lending criteria based on a buyer’s income. Called a debt to income ratio, the idea has been floated by the Reserve Bank of New Zealand in order to further address the supply and demand imbalance in our property market. Read on to find out how a debt to income ratio could affect you.


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Topics: Mortgages, Debt to Income Ratio, Reserve Bank of New Zealand