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Your Money Your Responsibility 

Your Money Your Responsibility 

Written by R. A. Stewart

Your money is your responsibility. It is your choice what you do with it once it becomes yours, but you have the responsibility of how you manage your money. Being a good steward of money means being responsible for how you use it. This requires maturity.

Here are the main factors which will help you become a good steward of money.

  1. Gaining a financial education

It is your responsibility to become financially literate. In this day and age where there is so much information available on making the most of your money, it is inexcusable to be financially literate. 

All it may take for you to find books on personal finance is to just visit your local library. If you are prepared to spend a bit of money then you may find some good books at your local bookstore.

Frances Cook, Mary Holm, and Martin Hawes are excellent New Zealand authors of Financial books.

  1. Make your own decisions

Some people will get others to make decisions on their behalf, so that whenever something goes wrong they always have someone to blame. “You told me to invest in such and such company and now I have lost my money.” It is your money so that it is your responsibility to make the most of it. 

  1. Accept your own mistakes

Investing is a learning process. In order to become a good investor you need to invest and gain experience doing so. Mistakes will be made. The important thing is to learn from them and move on. 

  1. Living within your means.

It is your responsibility to live within your means. This means that if you choose to get married, have kids, or buy a car, then it is your responsibility to ensure that you are in a suitable financial position to do these things. 

  1. Pay all of your bills

Everyone has fixed costs such as utilities, phones, and whatever. It is the responsibility and the mature thing to pay all of these on time. A bad credit rating can hurt your chances of obtaining a mortgage in the future.

  1. Save a portion of your income

It is your responsibility to save a portion of your income to provide some kind of cushion for a future financial setback. Establishing a rainy day fund is always suggested by financial experts.

  1. Listen to wise advice

The markets went up and down and they were all down after President Trump announced tariffs on overseas imports to the US. The experts in New Zealand were advising investors to remain calm during this time and not to react to the market slide by changing funds. “This is the nature of the markets,” they said. Many did change funds and when the markets recovered the losses, these people missed out on the gains. As a result, their kiwisaver balances took a hit. 

Your financial plan has to take into consideration the market volatility. The question is, “If the market dropped 5% or whatever, how will this affect my lifestyle?”

If you have ten or so years remaining till you retire then the answer is that it won’t in the short or medium term. 

It is your responsibility to heed advice when it is given but at the same time have the common sense to know whether the advice is good or bad.

Once you have gained enough experience at investing you will have the know how to discern whether advice is good or bad and what the motive is behind the person giving the advice.

About this article: The opinions expressed are those of the writer and may not be applicable to your personal circumstances therefore discretion is advised. You may use this article as content for your blog/website or ebook.

Read my other articles at www.robertastewart.com

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Kiwisaver Benefits for KIwis

Are you throwing money away?

 

Written by R. A. Stewart

 

New Zealand’s kiwisaver scheme is a retirement scheme for New Zealanders. There are many features and benefits of joining kiwisaver.

What is the difference between a feature and a benefit?

A feature of kiwisaver is that the money is locked up until you reach the age of 65.

The benefit is that you will have a nest egg waiting for you when you retire.

Here is the main benefit of kiwisaver. 

The government will deposit $520 into your kiwisaver providing your contribution is at least $1040 during that financial year.

People who are not contributing to kiwisaver or have not even joined are missing out on all of this money.

Why?

It is hard to fathom why anyone would not join kiwisaver. 

There will not be a single person who reaches the age of 65 who regrets that they contributed to kiwisaver all of their lives.

It is a matter of asking the question, “What will my future self thank my present self for”?

The key to kiwisaver is to keep contributing irrespective of what the markets are doing. 

Investors will be rewarded for their consistency.

Some people have prioritized other things such as sky TV, cats and dogs, lotto, smoking, and booze over their future prosperity.

It is all about choice and it is something everyone has. 

Any New Zealander is able to join kiwisaver.

Any one of any age, from the day a baby is born to those already retired. 

It is important to point out that only those aged from 18-65 are eligible for the government money. It is still worthwhile for those age groups which are not eligible for the government top up to join kiwisaver because it will give the young ones a head start in life and who knows, a rich uncle may leave them some money in his will. It doesn’t pay to fall out with your family by making false allegations about your cousin.

The retired folk can treat kiwisaver as an investment; one which you have access to.

There are circumstances when you are able to withdraw money from kiwisaver, they are:

(a) For bond money if applying for a flat to rent, but only under thirty year olds are eligible to apply.

(b) You may use a portion of your kiwisaver as a deposit on your first home. Most people who take this option are in their thirties.

(c) Moving overseas permanently.

(d) Terminal illness

(e) Hardship

There are some hoops to jump through when trying to withdraw your kiwisaver for hardship reasons. 

There are several books on personal finance which I recommend with my favourite New Zealand authors being Frances Cook, Mary Holm, and Martin Hawes. Check them out. Maybe your local library will stock their books.

With so much information on personal finance available there is no excuse for being financially illiterate. Not joining kiwisaver when you have the means to is just stupidity.

If you are one of these people then you are just throwing money away

About this article:

You may use this article as content for your blog, website, or ebook.

Read my other articles on www.robertastewart.com

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Leaving a legacy for generations

Leaving a legacy for generations

Written by R. A. Stewart

“A good man leaves an inheritance for his children’s children.” Proverbs 13:22

I watched a TV program recently about a tree farmer in Finland whose family has been harvesting trees for over 300 years. As he told the reporter, he harvests the trees his grandfather planted while he plants the trees that his grandchildren will harvest. This went on for generations in this family.

What we do today will affect the future generations.

My great grandfather operated a brewery near Greymouth on New Zealand’s South Island. Prior to this brewery getting established, he had financial problems after his first brewery in Westport, sixty miles north of Greymouth was blown over by a south westerly wind. This occurred in 1879. 

He managed to get back on his feet and get another brewery going within 10 years.

This proved to be successful and he built up his assets which included a farm 20 miles north of the brewery.

He also had a bit of money behind him as well.

Future generations have been blessed as my greatgrandfather left his farms to his sons, who in turn left it to their sons. One of his farms is being run by his greatgrandson.

Leaving a legacy such as a farm will enable future generations to make a living off the farm as their parents and grandparents did.

However, when it comes to leaving them a sum of money, should you?

It all depends on whether they are good stewards of their own finances. If they cannot handle even handling their own money then they cannot be trusted to handle yours. 

A responsible and mature person will have joined kiwisaver, the New Zealand retirement scheme. If from New Zealand or their country’s retirement scheme if they are from a country other than New Zealand.

Now consider this, would you leave money to someone who:

Is not joined to a retirement scheme yet has subscriptions to netflix and satellite TV?.

Is not interested in obtaining a financial education yet buys a lottery ticket every single week?

Spends their money in the pub?

Will only spend their money on their hobbies?

Has no savings of their own yet smokes cigarettes?

Any person with any sense will know the character of their own family and ensure that their estates are distributed to those who are responsible.

Some folk will have all kinds of excuses for why they are in a financial mess, but not one of them will admit that they are living beyond their means. People who fit in the categories listed above are all living beyond their means.

If you cannot even be trusted to handle your own finances then you cannot be trusted with what belongs to someone else.

About this article:

This article is of the opinion of the writer and may not be applicable to your own personal circumstances, therefore, discretion is advised,

You may use this article as content for your blog, website, or ebook. Read my other articles on:

www.robertastewart.com

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“Holiday Crisis Solved: How to Handle a Lost or Stolen Debit Card”

What to Do If You Lose Your Debit Card While on Holiday

Losing your debit card while traveling can be a nightmare. Whether it’s stolen, misplaced, or simply left behind at a café, the sudden loss of access to your funds can leave you feeling vulnerable—especially in an unfamiliar place. However, acting quickly and methodically can help you minimize financial risks, secure your account, and find alternative ways to access money.

Here’s a detailed step-by-step guide on what to do if you lose your debit card while on holiday.

1. Stay Calm and Retrace Your Steps

Panicking won’t help, so take a deep breath and think back to where you last used your card. Check your wallet, bags, hotel room, or any recent shops or ATMs you visited. Sometimes, cards are simply misplaced rather than stolen. If you’re sure it’s lost or stolen, move to the next steps immediately.

2. Contact Your Bank to Block the Card

Time is critical—the sooner you report the loss, the lower the risk of fraudulent transactions.

  • Call your bank’s 24/7 emergency hotline (save this number before traveling).
  • Provide your account details and request an immediate card freeze or cancellation.
  • Ask if any recent suspicious transactions have occurred.

Many banks allow you to block your card via their mobile app, which is faster than calling. If you don’t have international roaming, use Wi-Fi to access online banking or ask a local shop/hotel to borrow a phone.

3. Monitor Your Account for Fraud

Even after blocking your card, check your account for unauthorized transactions. If you spot any:

  • Report them to your bank immediately—they may reverse fraudulent charges.
  • Change your online banking password for extra security.

If your bank offers instant transaction alerts, enable them before traveling to detect fraud early.

4. Arrange a Replacement Card or Emergency Cash

Ask your bank about:

  • Emergency card replacement – Some banks can courier a new card internationally (though this may take days).
  • Temporary virtual cards – Useful for online purchases if your bank supports digital wallets (Apple Pay, Google Pay).
  • Emergency cash withdrawal – Certain banks partner with global networks (like Western Union) to provide emergency funds.

If you’re traveling with a companion, consider transferring money to their account temporarily.

5. Use Alternative Payment Methods

While waiting for a replacement, rely on:

  • A backup travel card (always carry a second card from a different account).
  • Cash (withdraw extra early in your trip as a precaution).
  • Prepaid travel cards (load funds before traveling).
  • Mobile payments (if your phone supports contactless payments).

6. File a Police Report (If Necessary)

If you suspect theft, file a report at the local police station. Some banks or travel insurance providers require this for fraud claims. Keep a copy for your records.

7. Prevent Future Issues

To avoid this situation again:

  • Carry multiple payment options (two cards + cash).
  • Use a money belt or RFID-blocking wallet to deter pickpockets.
  • Store bank contacts securely (in email or a password manager).
  • Enable transaction alerts for real-time monitoring.

Final Thoughts

Losing a debit card on holiday is stressful, but quick action can prevent financial loss. By staying calm, blocking the card immediately, and using backup funds, you can minimize disruption and continue enjoying your trip. Always prepare for the worst—carrying multiple payment methods ensures you’re never left stranded.

Safe travels, and may your next trip be hassle-free!

The Benefits of Having Two Debit Cards

Carrying two debit cards while traveling provides security and convenience. If one card is lost, stolen, or blocked, you’ll still have a backup for purchases and withdrawals. It also helps avoid issues like ATM declines or foreign transaction limits.

Additionally, you can separate expenses—using one card for daily spending and another for emergencies. Some banks offer better exchange rates or lower fees on specific cards, so having two allows you to optimize transactions.

With mobile banking, managing multiple cards is easy. Dual debit cards ensure financial flexibility, reducing stress during trips. Always keep them in separate places for extra safety!

The Benefits of Having a Travel Card

A dedicated travel card makes trips smoother and more secure. Unlike regular debit cards, travel cards often offer competitive exchange rates, low foreign transaction fees, and multi-currency support—saving you money on conversions.

If lost or stolen, travel cards can be frozen instantly via an app, protecting your funds without affecting your main bank account. Many also provide emergency cash replacement and 24/7 support.

Preloaded with a set budget, travel cards help control spending and avoid overspending. Some even offer rewards or insurance perks. For worry-free travel, a travel card is a smart financial companion.

Join Wise Here

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Share market falls on the back of Trump Tariffs

Markets tumble

Written by R. A. Stewart

The markets have taken a tumble after President Trump’s tariffs have started a trade war.

The newspapers have reported that Kiwisaver balance will be affected on this. This is stating the obvious. Kiwisaver balances may have dropped, but a lot of people are decades away from retirement so how the markets are performing in 2025 is not going to affect how much they have in kiwisaver when they retire in 2035 and beyond.

It all boils down to selecting the right fund for your risk profile. Money invested falls into one of three categories. Short-term money, medium term money, or long-term money depending on when you are going to be needing that money.

Other factors which come into it are your age, health, and commitments.

The share market goes up and down and the recent (March 2025) tumble is mainly due to the tariffs which President Trump has imposed on goods from certain countries, namely steel. 

Losses are only on paper, but investors who react to recent events and change to conservative funds will lock in those losses and miss out on the gains when the markets rebound. 

The United States will have a new President in four years time, and it certainly will not be Donald Trump in charge then so the markets will certainly bounce back then, if it had not prior to that.

Changing to conservative funds is not the only way to lose during a market slump. The others are to stop contributing to your retirement fund or if you are already retired, make withdrawals from kiwisaver.

With everything being said, it is not the current market slump which will determine how much your retirement portfolio is worth when you retire but how you react to market volatility and that is all down to the choices you make. 

Here is a list of choices which will affect your kiwisaver balance when you retire:

  1. Changing from a growth or balanced fund to a conservative fund.
  2. Stop contributing to your retirement fund.
  3. Withdraw money from your kiwisaver.
  4. Chopping and changing from one type of fund to another.

No one is going to reach the retirement age and regret that they made contributions to their retirement fund. Ask yourself this question, “Will my future self thank me for investing my money instead of wasting it?”

Your retirement fund can only be accessed when you reach the retirement age, therefore you need an alternative source of funds to cover any future financial needs. There are lots of online investing platforms available where you can invest a minimal sum of money regularly and still have easy access to your funds. If you are from New Zealand or Australia, sharesies is a good option for you. This gives you easy access to the share market.  Check out Sharesies Here

About this article

The opinions expressed in this article are of the writer’s own opinion and may not be applicable to your personal circumstances, therefore discretion is advised. 

Disclaimer: I may receive a small commission if you join sharesies.

You may use this article in full or part as content for your blog or ebook. Check out my other articles on www.robertastewart.com

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Are Solar Panels a good investment?

Are Solar Panels a good investment?

Written by R. A. Stewart

It all depends on what you value and whether you expect to benefit from it because there are factors which promoters of solar panels have not considered.

It has been said that solar panels will pay for themselves in over 7 years..

This may be fine for someone young who has time on their side, but is it worthwhile for a retired person to install solar panels? I don’t think so. A person aged 65 will be 72 before the system has paid for itself and a lot of people will not make it to that age. Another factor to consider is that a lot of marriages do not even last 7 years which means that a couple will not get any benefit from the money they have spent.

Most homeowners do not have the money required to be able to install solar panels and, therefore, borrow money for this. This is bad practice in my book and should not be encouraged. 

Going into debt in order to save money in bad money management. It is called, “Dumb Debt.”

The interest payments will cancel out the savings from solar. 

Politicians who encourage this need to have their heads examined. The New Zealand Green Party put forth a scheme where people are able to get loans to install solar panels. This is the same political party which champions the rights of the poor.

Another factor which has not been considered is the amount of income which could have been generated from a sum of money if it were invested in managed funds or your retirement scheme instead. This is never talked about.

Personally, I believe that homeowners are better off investing that money instead in something such as kiwisaver or a similar type of scheme if you are not from New Zealand.

Another question which homeowners should ask is, “Will solar panels increase the value of my home?

There is no evidence that it will. Who on earth buys a home just because it has solar panels on it?

Installing solar panels can cost between 8 and 30 grand depending on its features. It is not known if this is just for the cost of the panels or whether labour is included.

Installing solar panels may or may not be a good idea for the young ones, but for the older generation it is hard to see any justification for it since they have less time to recoup their outlay in savings.

It is important for retired folk to discuss it all with younger members of their family and to not let any salesman talk them into signing across the dotted line.

About this article: The opinions expressed in this article may not be applicable to your personal circumstances, and therefore discretion is advised. You may use this article as content for your blog/website, or ebook.

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The cost of financial gifting

The cost of financial gifting

Written  by R. A. Stewart

Most parents want to help their children any way they can. It is the natural thing to do but there can be a high cost to this if your generosity is at the expense of your own needs and wants.

Here are some of the most common ways family’s make gifts.

House deposit

The New Zealand consumer magazine says that on average, parents gave $108,000 in 2022 to their children for house deposits. 62% of parents used their own savings. 

That money taken out of their own retirement savings will have a big impact on how much they will have when they retire. 

What parents need to consider is how much that money they are going to give to their children would be worth if they invested it in the markets. I am no mathematician but even so, know that this is an enormous amount of money that they are sacrificing. 

Some options need to be considered and one is guaranteeing the loan. If your son or daughter is able to take out the loan and parents guarantee the loan then this may be better. The parents still have their capital producing an income while at the same time their children are paying off the mortgage.

Early inheritance

It is good to leave an inheritance to your kids but not if they are just going to fritter it away and have nothing to show for it years later. After all, you were diligent enough to save and invest your money; if your kids have no interest in financial management then you are better off enjoying that money yourself or leaving it to a worthy cause. Another option is to have the money deposited into their kiwisaver so that they at least have the money when they reach the retirement age of 65. If your grown up children have learned to be responsible with their money then they will have their own kiwisaver account.

Getting your kids out of debt

Some parents will rescue their kids from debt time and again. It all depends on the circumstances of the debt. If your children have made a habit of getting into debt without learning how to manage without using credit then it is time for them to get budgeting advice. If it is you who have to make the sacrifices then it is time to put your foot down. 

Lending for businesses

Some folk approach mum and dad for loans to fund their business. If you lend money to your kids you are missing out on the capital gain that you would have had if that money was invested in the markets. It is also worth keeping in mind that most businesses fail within five years so that money could be gone in no time.

Lending for a wedding

The average cost of a wedding in New Zealand is around $30,000. It is a huge amount when you consider that most marriages don’t last the distance. If you stumped up the cash to pay for your child’s wedding, that $30,000 that you could have invested in your own retirement fund will mean that there will be a lot less money when you retire.

Educational loans

In New Zealand student loans are interest-free, so it just does not make sense to pay off your children’s educational loans when that same money could be invested and grown. Is it any wonder that student loan debts total over 2b in New Zealand. In 2021 there were over 14,000 kiwis who owed over $80,000. 

About this article

The information here is of the writer’s own opinion and may not be applicable to your personal circumstances, therefore, discretion is advised.

You may use this article as content for your website/blog or ebook.

Read my other articles on www.robertastewart.com

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Should the retired join Kiwisaver?

Should the retired join Kiwisaver?

Written by R. A. Stewart

Kiwisaver is New Zealand’s retirement scheme. It is a scheme which locks money in until the retiring age of 65. A change of rules to Kiwisaver in recent years has enabled those who have reached the retirement age of 65 and who are not already a member of Kiwisaver to join.

This leaves the question “Are there any advantages for anyone aged 65+ to join Kiwisaver?”

My answer to this question is “Yes”.

In fact there are several benefits of joining Kiwisaver after 65.

If someone is in such a financial position to be able to contribute to Kiwisaver at a later stage in life then why not? Any spare money which you have available for emergencies will help make your retirement easier as far as having an emergency fund.

If you access your bank account via the internet (Who doesn’t?) and use your phone to do your banking then having your savings in Kiwisaver will make it virtually impossible for scammers to get access to it. Kiwisaver members who have tried to access their funds which are in Kiwisaver have to jump through a few hoops to get it, including the over 65s.

At least it makes you a lot safer as the over 65s are prime targets for scammers and gold diggers.

There may not be any of the incentives such as the annual $520 government money available for the over 65s but it is still a good idea for retirees to hold on to their kiwisaver account and even contribute to it because any money which you have available acts as a financial shock and one of these is ill health which are more likely to happen to older people. Unexpected medical bills can be financially draining, therefore, having the funds can be less worrisome for the over 65s.

As a retiree you are given several options as to how you manage your kiwisaver which makes it very flexible.

You can withdraw all or some of your funds in kiwisaver.

You can opt out or opt in.

As you get older, medical bills can become a problem, therefore, any money you have behind you can make life less challenging for you.

What happens to your kiwisaver account when you pass on?

You can name any family member as beneficiaries of any money you have in kiwisaver. It will be treated just like any other asset you own as far as your estate goes and if you do not have a will then it is likely that legal fees wil;l take up a portion of your assets as the legal process will decide who gets what.

Having a will will make this part of your family’s life easier toi deal with.

About this article

THe information provided may not be applicable to your personal circumstances therefore discretion is advised. You may use this article as content for your blog or website. Check out my other articles on www.robertastewart.com

Check out the ebook “Retire with Money” only $5

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Kiwisaver for kids: what you should know

Kiwisaver for kids: what you should know

Written by R. A. Stewart

Some people may be asking if they should sign their kids up for kiwisaver. My answer to that question is a resounding “Yes” though some people might have a different opinion.

Kiwisaver is New Zealand’s retirement scheme. Anyone who is a New Zealand resident or citizen can join and take full advantage of the incentives the government provides for members of kiwisaver. There is no age restriction. Anyone can join from newborn to those already in retirement. However, the incentives do not kick in until a child reaches the age of 18 and stop at age 65, the retirement age in New Zealand.

An under eighteen year old or over sixty five year old in employment can make contributions toward their kiwisaver through their wages; this could be 2%, 3%, 4%, or 8% of their gross wages but their employer has no obligation to contribute to their kiwisaver, even though some choose to.

There is the option of making voluntary contributions toward kiwisaver and this is something which a lot of people do.

What are the benefits of someone under eighteen signing up for kiwisaver?

There are many and the number one reason is that it will improve a child’s financial literacy. It will help them understand how the markets operate and why their kiwisaver balances go up and down.

Another benefit of kids joining kiwisaver early is that it will give their relatives an opportunity to contribute to their kiwisaver; this means that by the time a child reaches eighteen, they may have  a more than useful kiwisaver balance. 

It is possible to use some of your kiwisaver to purchase your first home but you have to have contributed towards the kiwisaver for at least five years. It is not known if the years prior to a member’s eighteenth birthday count. Generally, most home deposit withdrawals are made by those aged over thirty so it may not be such a big deal.

Those aged under 30 are able to access their kiwisaver for a rental bond. The bond is returned to the kiwisaver account after it is returned by the landlord.

The other ways kiwisaver can be accessed prior to turning 65 is in the case of a terminal illness or going overseas permanently. Many folk have made kiwisaver withdrawals due to hardship and this number has increased during the Global Financial Crisis but it should only be as a last resort.

Investors have to go through a lot of hoops in order to access their retirement savings prior to retiring. The purpose of kiwisaver is to build a nest egg for your retirement and to access it early really defeats the purpose of it.

Some people argue, “You can’t take it all with you,” or “I am young.” This kind of thing will lead to certain outcomes. You will be dead and leave your family with financial issues to deal with or you will be broke. The habit of saving money is a habit which will enable you to get the most out of life and the sooner this habit is formed the better off your kids will be in the long run.

Their future self will thank them for it.

About this article: You may use this article as content for your blog/website or ebook. The information in this article is of the writer’s own opinion and may not be applicable to your own personal circumstances., therefore, discretion is advised.

Check out my other articles on www.robertastewart.com

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How Seniors Can Make Their Money Work in Retirement

Financial Freedom After 60: The Best Investment Options for Seniors

Written by R. A. Stewart

 

Your age is a crucial factor in establishing your savings and investing strategy. Your 20s, 30s, 40s, and 50s are your savings years. It is these years when you build up your assets. 

Your 60s and 70s can be considered your spending years. It is when you tick off items on your bucket list while you are able to.

That does not mean that you do not have to work, a lot of older people are taking this option, not because they cannot make ends meet on their pension, but because they enjoy what they are doing.

In New Zealand, retirees will have access to their kiwisaver account once they reach the age of 65. Money invested in kiwisaver will be in growth, balanced, or conservative funds. Most people during their working life opt for growth or balanced funds.

It is time to decide whether to stay with the status quo or invest in more conservative funds. 

Your age and your health are the two most important factors in deciding which fund to invest your money in. 

Older people do not have time on their side to overcome financial setbacks such share market falls and so forth, therefore if you are 60+ it is a good idea to lean toward more conservative investments but still retain some exposure to risk.

It is worth mentioning at this point that New Zealand financial advisor and writer Frances Cook has a formula for calculating how much exposure you should have based on your age, and it is this…

Subtract your age from 100.

If for example you are aged 60 then only 40% of your portfolio should be invested in the share market.

I do not necessarily agree with this formula and my exposure to the share market is more than her formula suggests I have.

However, that is a personal choice; one that I do not necessarily recommend to you because your circumstances will be different as they are for different people.

If you are connected to the internet and you have a lot of spare cash in your account then I suggest that you place most of your money into an account that is not connected to internet banking. This is to reduce your chances of becoming a victim of internet scammers. 

With internet banking being the norm, this could be difficult in the future though.

In any case I still believe that it will pay to arrange your finances so that if you fall victim to a scammer then not all of your money will be lost. 

Don’t leave all of your money in the one account for goodness sake as some victims of scammers have.

If you are traveling then make sure you don’t have access to your life savings because if you do then so will be a scammer if they manage to get hold of your login details. What I am trying to say is you should leave your entire life savings in an account which you use to do your daily spending. Keep it in a separate account from the account you do your day to day banking. The 

Scammers have all kinds of ways to trick people into handing over their login details.

Anyone can be a victim so don’t be proud by saying “I am not that stupid.”

As you get older you will have to invest more conservatively; that does not necessarily mean transferring from growth to conservative funds but investing some of your current savings into low risk accounts. The deciding factor is your timeline. How soon you need the money and funds which are going to be used within 12 months are best invested conservatively.

 

www.robertastewart.com

 

ABOUT THIS ARTICLE

This article is of the opinion of the writer and may not be applicable to your personal circumstances. Feel free to share this article. You may also use this article for your website/blog or as content for your ebook.