Leading questions: Sarah Mehrtens

NZ Herald

30.12.2010

Even for people who prefer a more carefree approach, it's great to have a plan. It's never too soon to start. There's really useful independent advice and money management tips at sorted.org.nz. When dealing with banks and financial institutions there's no such thing as a silly question. Know exactly what you're getting into and what you'll get out of it. When investing, always consider the risks, not just the rewards. Most importantly, look at what the people you have invested with are doing with the money - whether it looks like they will turn a profit. Many investors just focus on the security provided, when the ability to service and repay the money to you over the long term is what matters more. Banks offer products for a variety of circumstances. If you think you're getting out of your depth financially, talk to your bank. It's actually in their interests to help you.