The Happy Saver Podcast - Personal Finance in New Zealand cover image

85. Revisit with Kiri: The Rollercoaster Continues

The Happy Saver Podcast - Personal Finance in New Zealand

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How to Deal With a Mortgage Rate Rise

Kerry and John are facing the impact of higher interest rates on their finances. The Kiwi saver couple plan to put away nearly $380,000 in six years. Kerry is upping her super contributions from 20% to 10%. They have also moved to a 10% contribution to life insurance with no requirement for him to increase his individual contributions. At the end of May 2023 their net worth which is their assets minus their liabilities was $130,000.

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