82. From Paycheque to Paycheque to Home Sweet Home
The Happy Saver Podcast - Personal Finance in New Zealand
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The Importance of Budgeting
Jess has been budgeting her income and setting aside 50% of her income during the past 18 months with no ill effects to her lifestyle. Using a sorted mortgage calculator tool using a 6% interest rate she would be mortgage free in 13 years being on the age of 65 now. She is also exploring new opportunities to make money such as having an international student stay with her for a period of time or rent out her home while she took an extended holiday overseas. Jess was hoping that due to her late acquisition of a home she would not end up house rich but cash poor because of that Australian portion remaining in her kiwi saver he has a good base to continue to build on.
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