With the recent launch of its mobile app, Booster NZ has taken its customers’ relationship with money to a whole new level, enabling them to keep track of their finances in real time, and check how they’re performing. It’s safe to say, the new Booster app provides a financial snapshot at Kiwis’ fingertips.
Staying on top of financial affairs is important, but it can also be time-consuming and hard to fit in our busy lives. Take KiwiSaver, for example. According to the Inland Revenue, almost half of Kiwis recently polled know about of the $521 member Government contribution, and may be missing out on free money that could help them build a sound retirement income. Another interesting example, the Financial Markets Authority recently found that only 61 percent of KiwiSaver members invested in bonds knew the interest rate they were getting.
It goes without saying, keeping with your financial life, news and information is critical… But time is not always on our side, which is where the new Booster app could help. The mobile application allows Booster members to find out how their KiwiSaver account is doing, including the member Government contribution they’re entitled to. But it doesn’t end there. With a simple tap, you can get insight into your assets (savings, KiwiSaver, etc.) and debts (loans, mortgages, etc.), and instantly have an overview of where things are at.
If you have a mortgage, how much do you currently owe the bank? What’s your shares’ value? And what about your bank account? The bottom line is, everyone can benefit from having a good level of control over their finances, and on this note, the new Booster app does a great job of putting together relevant, up-to-the-minute information and bundling it all up in a unique, visually enticing and easy-to-use dashboard.
Who said financial skills are just for grown-ups? Teaching kids about money provides them with a toolbox that will be incredibly useful through life in making confident and informed decisions in the future.
And its importance goes well beyond money itself. It can be the foundation upon which key skill sets are built, such as ethics, empathy, organisation, time and risk management. Of course, the style and approach is personal to every parent, but if you’re not sure where to start, check out these handy tips.
When life throws a curve ball or two and you need to claim on your insurance, having the knowledge, expertise and guidance of your insurance adviser makes all the difference.
It’s your adviser’s job to guide you through the process; to help you understand what you can claim; to represent your interests with the insurance company; to make sense of the various forms and process. Ultimately, they’re there to make claim time as stress-free as possible and to help you receive your pay-out in a timely manner.
People insure their car, furniture, luggage and even their pets - but often neglect to insure their hard-earned lifestyle. Left uninsured, which would be the greatest loss?
Purse strings may be tight today, but you'll still want to keep your long-term financial goals on track. We all like to think “it’s never going to happen to me”, but accidents and illness can happen. And some of us die too soon. Life can be unpredictable, which is why many of us decide to protect ourselves with some form of life insurance and disability.
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