Money Made Simple

In this episode of Money Made Simple, Liv sits down with Simplicity member Rugved Deshpande to share his real-life finance journey. From childhood savings jars and pocket money to index funds, KiwiSaver choices, and building wealth his own way. As a second-generation Indian Kiwi and management accountant, Rugved reflects on how his upbringing shaped his money mindset, and how that mindset has evolved over time to where he is at today. This episode covers:Rugved's early memories of money, shaped by his parents' immigrant experience and a strong culture of saving vs investingHis transition from saving everything to building confidence with investingThe importance of routine and "payday automation" for budgeting and long-term investingWhy he switched KiwiSaver providers and how he feels about fund choice and contribution levels todayHis long-term financial goal of working by choice, not necessityWhy home ownership isn't currently part of the big planThe three lessons he'd give his younger self when it comes to moneyThis episode explores how your background influences your money habits, why early investing doesn't have to be perfect, and how small, consistent actions (like automated investing and setting goals) can quietly grow your financial future over time. We're so grateful to Rugved for taking the time to open up and chat with us!---Please help us share the good word (and make Kiwis richer and smarter with money) - the more we grow, the more good we can do %) Don't forget to follow, subscribe and rate the podcast if you found it useful!Find us: InstagramFacebookLinkedInDisclaimer: This podcast contains personal opinions and is intended to provide educational information only. It doesn't relate to your particular financial situation or goals and is not financial advice or recommendations. Simplicity New Zealand Limited is the issuer of the Simplicity KiwiSaver scheme and investment funds. For product disclosure statements please visit Simplicity's website simplicity. kiwi.

In this episode of Economy Made Simple, Chief Economist Shamubeel Eaqub unpacks how government finances actually work – and why they matter to us all. From tax and spending to investment and debt, he breaks down the jargon we hear so often in political debates and media headlines, and explains how public finance is really just a larger version of household budgeting - with long-term consequences for our country's future. This episode covers:Where New Zealand's government revenue comes from, including income tax, GST and other smaller sourcesWhat our taxes pay for, from superannuation and healthcare to infrastructure and public servicesThe key difference between the govt's day-to-day spending and long-term investmentWhen government borrowing makes sense – and when it doesn'tWhy conversations about debt and deficits often confuse short-term costs with long-term valueThe trade-offs we face as a country: higher taxes vs fewer services, short-term fixes vs long-term gainsThis episode aims to shed light on why and how debates about tax, spending and government borrowing affect everyone – and why no matter what's promised, there are always trade-offs. Shamubeel explains how to cut through the noise, ask better questions, and understand the bigger picture behind political headlines.---Please help us share the good word (and make Kiwis richer and smarter with money) - the more we grow, the more good we can do %) Don't forget to follow, subscribe and rate the podcast if you found it useful!Find us: InstagramFacebookLinkedInDisclaimer: This podcast contains personal opinions and is intended to provide educational information only. It doesn't relate to your particular financial situation or goals and is not financial advice or recommendations. Simplicity New Zealand Limited is the issuer of the Simplicity KiwiSaver scheme and investment funds. For product disclosure statements please visit Simplicity's website simplicity. kiwi.

In this episode of Money Made Simple, Jennie and Liv dive into the not-so-sexy but super important topic of tax – specifically how it works inside your KiwiSaver.Tax might not be everyone's idea of a good time (trust us, we get it), but understanding the basics can make a big difference to how confident you feel about your KiwiSaver. Whether you've noticed your balance dropping in March, or you're just trying to figure out what a PIR is, this episode is for you.This episode covers:Where, when and how your KiwiSaver is taxedWhat PIE funds are (hint: nothing to do with food unfortunately) and how tax works inside themThe difference between how NZ and international investments are taxedWhy you still pay tax even when your fund has made a lossHow your Prescribed Investor Rate (PIR) affects your tax bill – and how to check it's rightWhat happens when you move overseas or have a kids' KiwiSaver fund or joint investment fundWhy paying more tax could actually be a good thing!Resources mentioned in this episode:IRD's PIR Calculator – work out your correct PIRSorted – online resource for financial planning tools and informationMoneyHub's tax guide Canstar's blog – Is KiwiSaver Taxed?Simplicity's tax FAQAt the time of year, tax is one of the most common topics our Investor Services team gets asked about – and for good reason. So tune in and get the lowdown on KiwiSaver tax (with a few very average tax jokes thrown in for good measure - sorry in advance).---Please help us share the good word (and make Kiwis richer and smarter with money) - the more we grow, the more good we can do %) Don't forget to follow, subscribe and rate the podcast if you found it useful!Find us: InstagramFacebookLinkedInDisclaimer: This podcast contains personal opinions and is intended to provide educational information only. It doesn't relate to your particular financial situation or goals and is not financial advice or recommendations. Simplicity New Zealand Limited is the issuer of the Simplicity KiwiSaver scheme and investment funds. For product disclosure statements please visit Simplicity's website simplicity. kiwi.

In this thought-provoking episode of Economy Made Simple, Simplicity Chief Economist Shamubeel Eaqub is joined by Liv to help unpack the very important but complex topic of social cohesion. They discuss what it means, why it's under pressure, and how it underpins everything from economic stability to effective policymaking in Aotearoa. Drawing on global trends and New Zealand-specific data, Shamubeel explores how growing inequality and distrust are slowly eroding the social glue that helps society function and progress. This episode covers:What social cohesion actually is, and how it differs from political or social uniformityHow rising inequality, entrenched poverty, and declining trust in institutions are undermining cohesionReal-world examples from the US, UK, and NZ that show what happens when cohesion breaks downThe difference between levels of social cohesion in Australia and New Zealand (you might be surprised!)Why a more united, cohesive society is essential to make big, future-focused decisions (like retirement reform and climate action)How KiwiSaver – if evolved thoughtfully – could support both retirement wellbeing and intergenerational fairnessThis episode invites listeners to think more deeply about how social division affects not just politics, but everyday life – and what it will take to protect and rebuild the collective trust we're going to need to move forward. Shamubeel reminds us that New Zealand society isn't broken, but the cracks are starting to show and need to be addressed. If we can strengthen our sense of shared purpose and empathy, we'll be better equipped to tackle the big challenges ahead.---Please help us share the good word (and make Kiwis richer and smarter with money) - the more we grow, the more good we can do %) Don't forget to follow, subscribe and rate the podcast if you found it useful!Find us: InstagramFacebookLinkedInDisclaimer: This podcast contains personal opinions and is intended to provide educational information only. It doesn't relate to your particular financial situation or goals and is not financial advice or recommendations. Simplicity New Zealand Limited is the issuer of the Simplicity KiwiSaver scheme and investment funds. For product disclosure statements please visit Simplicity's website simplicity. kiwi.

In this episode of Money Made Simple, Jennie chats with Consumer NZ CEO Jon Duffy about the real pressures New Zealanders are facing in today's challenging economy – and what we can ALL do about it. From overpriced groceries to big power bills, Jon breaks down the biggest consumer issues and gives practical tips for navigating your way to smarter spending habits. This episode covers: Why supermarket prices are so high and what's stopping real competitionHow power pricing works (AKA why it's often unfair for everyday Kiwis)Your personal rights under the Fair Trading Act and Consumer Guarantees ActHow to switch providers and negotiate better deals, especially for power!The "right to repair" movement and how it could reduce waste (and save you dollars)Why lodging complaints matters - and how it can lead to real changeResources mentioned in this episode:Consumer NZ – Independent consumer info, product reviews, and advicePowerswitch.org.nz – Compare electricity plans and providersRight to Repair Bill – Advocacy for better product longevityCommerce Commission – Government regulator for competition and consumer protectionLife can be bloody expensive right now – but we know that knowledge is power. So tune in to learn your rights and get practical tips to stretch your dollar further.---Please help us share the good word (and make Kiwis richer and smarter with money) - the more we grow, the more good we can do %) Don't forget to follow, subscribe and rate the podcast if you found it useful!Find us: InstagramFacebookLinkedInDisclaimer: This podcast contains personal opinions and is intended to provide educational information only. It doesn't relate to your particular financial situation or goals and is not financial advice or recommendations. Simplicity New Zealand Limited is the issuer of the Simplicity KiwiSaver scheme and investment funds. For product disclosure statements please visit Simplicity's website simplicity. kiwi.

In this episode of Money Made Simple, Jennie and Liv dive into effective strategies for building job resilience during an economic downturn (like we're seeing right now). If you're worried about your job security or looking to secure a new job, this episode will arm you with the insights and strategies you may be seeking. This episode covers:Current trends in unemployment, business closures, job applications and how these affect everyday KiwisHow to make yourself indispensable at work when redundancies may be on the horizonStrategies for effective job hunting, including how to optimise your CV (and how to use the various job platforms and networks you may not know of!)When to use AI, and when to avoid it - an important distinction when applying for jobs!The importance of building your personal brand - what, how, whyDifferent ways you can network, whether you have a job or are on the huntTips on building your own financial resilience (aka safety net) to prepare for the worst, while hoping for the bestResources mentioned in this episode:- Ministry for Business, Innovation and Employment (MBIE)'s Labour market snapshot 2025 provides the statistics we quoted around unemployment, job seekers and business liquidations- Statistics New Zealand has even more stats on the job market if you're hungry for more- LinkedIn professional networking platform (also great for job hunting!)- Zeil - Zuru's new job app/marketplace- Digital Passport: Offers free online courses in digital skills, job readiness, and AI, provided by the NZ government- NZ Polytechnic: Offers some fees-free courses including diplomas in various disciplines- Sorted.org.nz for financial planning tools- MMS episode #26 for more on Rainy Day Funds, and MMS episodes #7 and #8 for managing debt. Bonus - MMS #32 for budgeting (great for working out how to trim costs if your income gets reduced) By the end of this episode, we hope that you'll feel a little more comfortable facing what is obviously quite a challenging economic time for NZ (and the world) right now! We want you to be confident in facing the uncertainty we're seeing, given you'll have an arsenal of skills, ideas and ways to network your way to your next great opportunity - whatever that may look like!---Please help us share the good word (and make Kiwis richer and smarter with money) - the more we grow, the more good we can do %) Don't forget to follow, subscribe and rate the podcast if you found it useful!Find us: InstagramFacebookLinkedInDisclaimer: This podcast contains personal opinions and is intended to provide educational information only. It doesn't relate to your particular financial situation or goals and is not financial advice or recommendations. Simplicity New Zealand Limited is the issuer of the Simplicity KiwiSaver scheme and investment funds. For product disclosure statements please visit Simplicity's website simplicity. kiwi.

Welcome to the very first episode of the Economy Made Simple! Our host Shamubeel Eaqub delves into the current state of financial markets, the broader economy, and the impact of global volatility on the local environment. This episode offers a "State of the Nation" perspective, perfect for those who would like to gain a deeper understanding of the dynamics of the economy. This episode covers:The recent downturns in global financial markets, shedding light on the causes of current economic fears and how these are reflected in things like KiwiSaver accountsInsights into how old-school policies like tariffs are reintroducing geopolitical uncertainties that haven't been seen for decades, and what this means globally and for NZThe importance of a long-term perspective when it comes to retirement savings, and the worth of regular and consistent contributions despite market swingsA discussion on New Zealand's specific challenges and strengths in the global economy, including our geographical isolation and diverse trading strategies. In this episode, Shamubeel unpacks some complex economic trends to help you better understand how these might impact your investments and financial strategy. Armed with this knowledge, you can make more informed decisions, stay resilient in the face of economic fluctuations, and plan more effectively for the future. *This podcast contains Simplicity Research Hub's economic and policy analysis, opinions, and commentary and is provided for general information only. It does not relate to your particular financial situation or goals and is not financial advice or recommendations. Simplicity NZ Ltd is the issuer of the Simplicity KiwiSaver and Investment Funds Schemes. For Product Disclosure Statements please visit our website simplicity.kiwi.---Please help us share the good word (and make Kiwis richer and smarter with money) - the more we grow, the more good we can do %) Don't forget to follow, subscribe and rate the podcast if you found it useful!Find us: InstagramFacebookLinkedInDisclaimer: This podcast contains personal opinions and is intended to provide educational information only. It doesn't relate to your particular financial situation or goals and is not financial advice or recommendations. Simplicity New Zealand Limited is the issuer of the Simplicity KiwiSaver scheme and investment funds. For product disclosure statements please visit Simplicity's website simplicity. kiwi.

In this second episode of our two-part series with Jane Wrightson, New Zealand's Retirement Commissioner, we dive deeper into the future of retirement and how today's choices can and will impact tomorrow's freedom. This episode, tackles some thought-provoking issues and projections, and could be a game-changer for those trying to secure a more comfortable future. This week's episode covers:How retirement is changing both in New Zealand and globally, reflecting longer lifespans and economic shiftsThe concept of FORO (fear of running out) and strategies to mitigate this fear by planning for a potentially 30-year retirementThe trend towards working past traditional retirement ages, and how this can sometimes be choice and for others necessityChallenges future retirees might face, especially those not owning their homes outright or dealing with escalating health costs as they ageTips n' tricks to ensure you're planning for retirement (no matter how far away it is!) with the right goals and plan in mindResources mentioned in this episode:Sorted: The Retirement Commission's very own (and world famous on this podcast) online resource for financial planning tools and information.Commission for Financial Capability: Offers guidance on retirement planning and financial security.Through these discussions, listeners can gain valuable insights into preparing for a retirement that may look very different from today's standards. Whether you're just starting to think about saving or you're adjusting your existing plans, this episode provides insights and tips for navigating the complexities of retirement planning.---Please help us share the good word (and make Kiwis richer and smarter with money) - the more we grow, the more good we can do %) Don't forget to follow, subscribe and rate the podcast if you found it useful!Find us: InstagramFacebookLinkedInDisclaimer: This podcast contains personal opinions and is intended to provide educational information only. It doesn't relate to your particular financial situation or goals and is not financial advice or recommendations. Simplicity New Zealand Limited is the issuer of the Simplicity KiwiSaver scheme and investment funds. For product disclosure statements please visit Simplicity's website simplicity. kiwi.

In this episode of Money Made Simple, Jennie sits down with New Zealand's Retirement Commissioner, Jane Wrightson, to discuss what retirement really looks like in New Zealand. We often think of retirement as something far off on the horizon but the reality is, the choices we make today shape our financial future.This episode covers:The true state of retirement in NZ—why the “rich boomer” stereotype doesn't match the reality for many retireesNZ Super (the pension): What it's designed for and the challenges it faces with rising housing costsKiwiSaver as a game-changer and why/how it's one of the best tools for building long-term financial securityThe role of financial literacy and why educating young people about money is crucialHow professional financial advice can help - and when to consider itResources mentioned in this episode:Sorted.org.nz – Financial education and toolsMoney Talks – Free financial helpline and mentoringNo matter how far away retirement is, the sooner you start preparing, the more options you'll have. Tune in for a straight-talking conversation about what it really takes to retire well in New Zealand.---Please help us share the good word (and make Kiwis richer and smarter with money) - the more we grow, the more good we can do %) Don't forget to follow, subscribe and rate the podcast if you found it useful!Find us: InstagramFacebookLinkedInDisclaimer: This podcast contains personal opinions and is intended to provide educational information only. It doesn't relate to your particular financial situation or goals and is not financial advice or recommendations. Simplicity New Zealand Limited is the issuer of the Simplicity KiwiSaver scheme and investment funds. For product disclosure statements please visit Simplicity's website simplicity. kiwi.

In celebration of International Women's Day on the 8th March, this episode of Money Made simple sees Jennie and Liv discussing women and money. Something we should know a bit about! We discuss the unique challenges as well as opportunities women face in terms of earning, saving, spending and investing money - both here in NZ and globally. This episode covers:An overview of the gender pay gap in NZ (and globally), including recent trends and how the pay gap impacts women differentlyInsights into the systemic issues and biases that contribute to financial disparities for women (including the research to back it up!)Career breaks and their long-term effects on women's finances, particularly regarding KiwiSaver and other savingsStrategies for building financial confidence, from he importance of workplace negotiation to tackling the confidence gap in job applicationsHow to better manage and optimise your KiwiSaver balance as a woman (including during mat leave type scenarios)Tips for investing outside of KiwiSaver in the current environmentOf course, our own lessons/learnings around investing as Kiwi women!Some kick-ass women focused resources to help our fellow female listeners level up their financial knowledge and powerResources mentioned in this episode:- Financial Services Council Research on the KiwiSaver gender gap- SEEK's March 2023 Research on the gender confidence gap- Money Talks for financial mentoring- Mary Holm's personal finance education site- Making Cents, a personal finance podcast by Frances Cook- One Up Project, our good friend Sarah Kelsey creating a community for self-improvement- Money Made Simple book (and of course this same-named podcast!)This episode not only sheds light on the financial inequities women face but also provides practical steps for overcoming these challenges. Whether you're looking to negotiate a raise or better manage your investments, there's something here to help you make informed, confident financial decisions. ---Please help us share the good word (and make Kiwis richer and smarter with money) - the more we grow, the more good we can do %) Don't forget to follow, subscribe and rate the podcast if you found it useful!Find us: InstagramFacebookLinkedInDisclaimer: This podcast contains personal opinions and is intended to provide educational information only. It doesn't relate to your particular financial situation or goals and is not financial advice or recommendations. Simplicity New Zealand Limited is the issuer of the Simplicity KiwiSaver scheme and investment funds. For product disclosure statements please visit Simplicity's website simplicity. kiwi.

*Disclaimer: This podcast material is for information purposes only. Simplicity does not provide financial advice or offer insurance products. Simplicity is not affiliated with Partners Life or any other insurer, and we do not provide recommendations or referrals.*In this second episode of our insurance 101 series, Liv welcomes back Mark from Partner's Life to get into the nitty gritty of personal insurances. Building on our "why" and "how" from Part One, this episode focuses on understanding the specific types of personal insurance and how they cater to different life stages and needs. This episode covers:Life insurance, its primary purpose and specifically what it coversTrauma and critical illness insurances, explaining how they provide lump sums for specific medical diagnosesA quick overview of Total Permanent Disability (TPD) insurance and how it differs based on one's ability to work post-incidentMortgage and income protection insurances, and their benefits in replacing income during periods of inability to workClarification on health insurance and its role alongside public services like ACC (including what that covers)The advice process when it comes to insurance - how to choose an adviser, what their requirements are, what exactly they will do (and what's required from you)How to claim against your personal insurances (and how advisers can help)Ways to tackle affordability when it comes to paying for insurance among today's cost of living challengesBy the end of this episode, you'll hopefully have a more comprehensive understanding of different insurance types, so that you can be better equipped to make informed decisions about your insurance needs. Whether you're looking to secure your family's future or ensure your income in case of disability, this discussion will take you through some of the main choices available to understand what protection is available for different circumstances.---Please help us share the good word (and make Kiwis richer and smarter with money) - the more we grow, the more good we can do %) Don't forget to follow, subscribe and rate the podcast if you found it useful!Find us: InstagramFacebookLinkedInDisclaimer: This podcast contains personal opinions and is intended to provide educational information only. It doesn't relate to your particular financial situation or goals and is not financial advice or recommendations. Simplicity New Zealand Limited is the issuer of the Simplicity KiwiSaver scheme and investment funds. For product disclosure statements please visit Simplicity's website simplicity. kiwi.

In this episode of Money Made Simple, Liv is joined by Mark Banicevich, an insurance expert from Partners Life, who helps her break down the often-confusing world of insurance. Together, they explore why insurance matters, how it works, and the key terms you need to know—without too much jargon overload!This episode covers:What insurance actually is and why it's essential for protecting yourself financially.The two main types of insurance – general insurance (covering your stuff like cars and houses) and personal insurance (covering your income, health, and life).How insurance works – a system where many people contribute so that when a few face major life events, they have financial support.Key terms explained – from premiums and underwriting to exclusions, loadings, and excess fees.The importance of seeking financial advice – finding an advisor who fits your needs and helps navigate the complexities of insurance.Resources mentioned in this episode:Seeking financial advice? Look for a qualified financial advisor to guide you through your options - Sorted have a great guide for what good advise looks like.Hopefully, this episode helps demystify insurance and provides you with the confidence to make informed decisions about your own coverage.---Please help us share the good word (and make Kiwis richer and smarter with money) - the more we grow, the more good we can do %) Don't forget to follow, subscribe and rate the podcast if you found it useful!Find us: InstagramFacebookLinkedInDisclaimer: This podcast contains personal opinions and is intended to provide educational information only. It doesn't relate to your particular financial situation or goals and is not financial advice or recommendations. Simplicity New Zealand Limited is the issuer of the Simplicity KiwiSaver scheme and investment funds. For product disclosure statements please visit Simplicity's website simplicity. kiwi.

In this episode of Money Made Simple,  Liv and Jennie dive into the world of side hustles - exploring whether they're a hustle worth pursuing or a hassle to avoid! With rising living costs, more Kiwis than ever are turning to side gigs for financial support, new skills, or to explore passion projects.This episode covers:The rise of hustle culture in NZ and why nearly half of Kiwis are considering a second jobA quick-fire list of practical side hustle ideas, from renting out spare rooms to selling online, freelancing, or dog walkingThe pros and cons of taking on a side hustle, including the potential for burnout, tax obligations, and managing multiple prioritiesJennie and Liv's personal experiences with side hustles, along with their top tips for success - whether it's setting boundaries, marketing yourself, or choosing a hustle that fits your lifestyle!Resources mentioned in this episode:- MoneyHub: Offers comprehensive guides on side hustles and avoiding scams. - Canstar: Provides a list of 25 side hustle ideas tailored for New Zealanders.- Business.govt.nz: Includes helpful information on managing tax obligations for second job holders, contractors and side hustlers.By the end of this episode, you'll be better equipped to decide whether a side hustle is right for you and how to hustle smarter, not harder %)---Please help us share the good word (and make Kiwis richer and smarter with money) - the more we grow, the more good we can do %) Don't forget to follow, subscribe and rate the podcast if you found it useful!Find us: InstagramFacebookLinkedInDisclaimer: This podcast contains personal opinions and is intended to provide educational information only. It doesn't relate to your particular financial situation or goals and is not financial advice or recommendations. Simplicity New Zealand Limited is the issuer of the Simplicity KiwiSaver scheme and investment funds. For product disclosure statements please visit Simplicity's website simplicity. kiwi.

We're back, baby! Liv and Jennie kick off 2025 with a brand new podcast season, and an episode dedicated to making your 2025 as kick-ass as possible - both personally and financially. As we all shake off the cobwebs of 2024, they share insights on crafting New Year's resolutions that stick, and a bunch of strategies to help you manage your money better, both over the short and long-term. This episode covers:Why it's important to reflect on your past year, both the wins and the challenges (of course, we bare all in sharing our own!)How to set SMART goals in order to plan for financial successInnovative ways to tweak your budget and savings strategies to align with your New Year's resolutionsYour 2025 KiwiSaver check-in, with tips on optimising your retirement savings in a quick and easy wayTips for setting up your emergency fund to be prepared for the unexpectedSome ways to put a bit of fun into goal-setting - it doesn't have to be all spreadsheets and retirement planning!Resources Mentioned in this Episode:- Money Talks: Discover a wealth of options for financial mentoring and support- MoneyHub: Our fave educational site with a range of financial guides, tools and more- Sorted.org: Retirement planning, goal-setting, budget templates, you name it!- PocketSmith: A comprehensive platform to track your budget and forecast your finances.- Simplicity Investment Funds: Explore a range of managed fund options for hands-off, simple investing.Whether you're planning to overhaul your budget, save for a big trip, or just get a bit more organised with your money, this episode could be your first step towards a financially fruitful 2025 (and beyond!).---Please help us share the good word (and make Kiwis richer and smarter with money) - the more we grow, the more good we can do %) Don't forget to follow, subscribe and rate the podcast if you found it useful!Find us: InstagramFacebookLinkedInDisclaimer: This podcast contains personal opinions and is intended to provide educational information only. It doesn't relate to your particular financial situation or goals and is not financial advice or recommendations. Simplicity New Zealand Limited is the issuer of the Simplicity KiwiSaver scheme and investment funds. For product disclosure statements please visit Simplicity's website simplicity. kiwi.

In this episode of Money Made Simple, Liv is excited to welcome (back!) Shamubeel Eaqub, well-respected author, commentator and Simplicity's new Chief Economist and Head of Policy. He helps explain inflation in simple terms, discusses its impact on everyday Kiwis, and how we can manage our finances more smoothly in what is a highly inflationary environment. This episode covers:What inflation is in a nutshell, and how it specifically affects your wallet - from your grocery bills to the gas pump to insuring your thingsThe underlying causes of the inflation spikes in recent years, from global economic upheavals and war to local weather disastersPractical tips for adjusting your budget and saving strategies to weather the storm of rising pricesHow government and financial policymakers work to balance inflation with economic growthTips on where to seek financial guidance and support to manage your money during the cost of living crisisResources Mentioned in this Episode: - Find a raft of options for financial mentoring and support via Money TalksHopefully this episode will help you arm yourself a little better with a better understanding of inflation, and some tools you can use to maintain financial stability in what can be a scary time.---Please help us share the good word (and make Kiwis richer and smarter with money) - the more we grow, the more good we can do %) Don't forget to follow, subscribe and rate the podcast if you found it useful!Find us: InstagramFacebookLinkedInDisclaimer: This podcast contains personal opinions and is intended to provide educational information only. It doesn't relate to your particular financial situation or goals and is not financial advice or recommendations. Simplicity New Zealand Limited is the issuer of the Simplicity KiwiSaver scheme and investment funds. For product disclosure statements please visit Simplicity's website simplicity. kiwi.

In this slightly festive episode of Money Made Simple, Jennie and Liv tackle the easier-to-avoid but very relevant topic of Christmas spending. They share their top tips and tricks for managing holiday expenses without sacrificing the joy of the silly season. This episode covers:The benefits (and how-to guide) of setting a budget for gifts, food, and festivities which can lower the stress levels from over-spendingCreative and thrifty gifting ideas, from DIY wrapping paper to delightfully funny Dirty Santa games How to make the most of the best annual sales (and the sneaky benefits of planning your shopping early - we promise it's a game-changer!)Ideas on how to create new, cost-effective holiday traditions that focus on spending time, not moneyResources mentioned in this episode- The nifty Draw Names App, for organising Secret Santa gifts efficiently- How to skip the plastic & provide your loved ones a better future via KiwiSaver or Investment Funds giftingThis episode is packed with practical advice to help you navigate the financial hurdles of the holiday season so you can focus on what truly matters - spending time with loved ones. So hopefully you'll walk away with at least one actionable idea to make your festive preparations smoother and more enjoyable!---Please help us share the good word (and make Kiwis richer and smarter with money) - the more we grow, the more good we can do %) Don't forget to follow, subscribe and rate the podcast if you found it useful!Find us: InstagramFacebookLinkedInDisclaimer: This podcast contains personal opinions and is intended to provide educational information only. It doesn't relate to your particular financial situation or goals and is not financial advice or recommendations. Simplicity New Zealand Limited is the issuer of the Simplicity KiwiSaver scheme and investment funds. For product disclosure statements please visit Simplicity's website simplicity. kiwi.

In this episode of Money Made Simple, Jennie and Liv get cozy on their new podcast couch (very exciting!) to tackle a topic that affects us all: generational differences in mindset and money habits. From bearish Baby Boomers to easy-go-lucky Gen Z's, they explore the unique challenges, triumphs, and quirks of each generation's approach to life and finance, sharing a few digs but also a few lessons along the way. This episode covers:An overview of each generation (starting with Boomers), and the birth dates that each cover (yes, we know there will be debates!)What might characterise each generation's upbringing, influencing how they act and see the worldHow each generation tends to view and deal with work/the workplaceHow each generation tends to deal with money (and of course what influences these views)The unique challenges faced by different generationsWhat we can learn from each generation in the way that they view the world and handling their financesNow a caveat here that we have absolutely made some generalisations (and maybe a few stereotypes thrown in, too - guilty). But by the end of this podcast, hopefully you'll understand what makes those "other" generations around you tick, and you might even be inspired to take a couple of learnings from those people that previously raised your heckles in their different ways!---Please help us share the good word (and make Kiwis richer and smarter with money) - the more we grow, the more good we can do %) Don't forget to follow, subscribe and rate the podcast if you found it useful!Find us: InstagramFacebookLinkedInDisclaimer: This podcast contains personal opinions and is intended to provide educational information only. It doesn't relate to your particular financial situation or goals and is not financial advice or recommendations. Simplicity New Zealand Limited is the issuer of the Simplicity KiwiSaver scheme and investment funds. For product disclosure statements please visit Simplicity's website simplicity. kiwi.

In this episode of Money Made Simple, join Liv as she chats with well-being and resilience guru Brad Hook. He provides a bunch of insight and tips on mastering your money mindset and aligning your spending with your values. They dive into ways to mange stress and prevent burnout, and the link into how this can actually boost your financial wellbeing (a win-win, as we like to say!). This week's episode covers:A dive into Brad's background, journey and own money mindset (it's always great to learn from others, right!)How to identify your own values, and how these can drive better decisions - including financial best practice for your needsBrad's top tips for tackling financial stress and avoiding burnout.Some powerful daily habits you can adopt that promote financial health and enhance overall well-beingResources Mentioned in this Episode:- Dive deeper into resilience and well-being strategies via the Brad Hook website- Brad's new book Start with Values - out Jan 2025 via PenguinTune in for an insightful discussion that may just shift your perspective on money, stress, and living a balanced life. Perfect for anyone looking to give their financial habits a lil' shake up!Watch the full video on YouTube---Please help us share the good word (and make Kiwis richer and smarter with money) - the more we grow, the more good we can do %) Don't forget to follow, subscribe and rate the podcast if you found it useful!Find us: InstagramFacebookLinkedInDisclaimer: This podcast contains personal opinions and is intended to provide educational information only. It doesn't relate to your particular financial situation or goals and is not financial advice or recommendations. Simplicity New Zealand Limited is the issuer of the Simplicity KiwiSaver scheme and investment funds. For product disclosure statements please visit Simplicity's website simplicity. kiwi.

In this rather lively episode of Money Made Simple, Jennie and Liv dive into our individual financial facepalms! We share the lessons we've learned since our early investing days, the hard way. Grab a cuppa and join us as we laugh (and maybe cry) about our top money blunders. And maybe you'll get the chance to turn our mistakes into your opportunities! This week's episode dives into:Liv's (drawn out) attempts to be a finance bro, playing the stockmarket (free guesses into how that went!)Jennie's first-hand experience of the dangers of treating loans like free money and the hangover of debt that followsThe KiwiSaver mishaps that taught them the importance of paying attention to where their money was going (and not trying to game it!)Liv's sometimes flawed journey into property investment, hoping for big gains and ending up with big lessons insteadJennie's lack of interest in investing, property and all things finance for a wee bit too long - and how that's impacted her wealthBy the end of this episode, you'll not only get a hearty financial reality check but also feel a bit better knowing that everyone makes mistakes - even (or especially!) those of us who work in finance.  So tune in to turn our lessons into stepping stones for your own financial success. ---Please help us share the good word (and make Kiwis richer and smarter with money) - the more we grow, the more good we can do %) Don't forget to follow, subscribe and rate the podcast if you found it useful!Find us: InstagramFacebookLinkedInDisclaimer: This podcast contains personal opinions and is intended to provide educational information only. It doesn't relate to your particular financial situation or goals and is not financial advice or recommendations. Simplicity New Zealand Limited is the issuer of the Simplicity KiwiSaver scheme and investment funds. For product disclosure statements please visit Simplicity's website simplicity. kiwi.

In this episode of Money Made Simple, Liv kicks off a BRAND NEW podcast segment where we talk to real investors about their money journeys - the good, the bad and the ugly! Our very first investor guest is Te Wai Coulston, a long-standing member and huge advocate of Simplicity. Te Wai shares with us his personal finance experiences and insights, with plenty of learnings along the way. This episode covers:How Te Wai's family environment and early financial experiences shaped his approach to money - the nature vs nurture debate!His evolving strategy for achieving long-term financial stability and investing in line with personal values and goalsThe original foray into the world of investing (yes, trying to beat the market was a thing!) and how this approach has changed as he learnt more and had his epiphany momentsHow Te Wai discovered Simplicity, how he sees and treats his KiwiSaver in quite a unique way and how this has changed over timeTe Wai's future plans and strategies when it comes to housing, providing for his whanau and overseas travelThoughts around the role of KiwiSaver in NZ, and why we're not quite there yetThis episode provides a deep dive into a real investor's unique perspective. Tune in to get inspired and maybe even see some of your own experiences reflected in Te Wai's personal stories Keen to share your story?? We welcome members (and non-members) to come and be a guest on the MMS podcast! If you're keen to find out more, contact us via Instagram or email us marketing@simplicity.kiwi

In this episode of Money Made Simple, Jennie and Liv dive into the essentials of budgeting - exciting, we know! We discuss what a budget actually is in simple terms, how to get started, and different methods that can help you manage your money more effectively. This episode is packed with practical suggestions and tools to help you understand and implement budgeting in your daily life. This episode covers:Understanding what budgeting really entails — planning your income versus your expenditure to ensure financial stabilityDiscussing why budgeting is crucial for everyone, not just those struggling financially, by providing clarity and control over your financesVarious budgeting techniques like the 50/30/20 rule and the envelope system to find what might work best for your lifestyleA bunch of online tools and resources that can help streamline the budgeting process, from simple apps to comprehensive financial platforms.Tips on how to stick to your budget and adjust it to life's unpredictable expenses and changes in income - we know that challenges pop up!Resources Mentioned in this Episode:- Sorted.org's Budgeting Tool: Helps users create detailed budgets to manage finances effectively.- PocketSmith: A budgeting tool that offers expense tracking and financial forecasting, integrating with your banking and KiwiSaver- Money Lover: A simple, free app for basic budgeting needs- MoneyHub: Provides reviews and educational content on various financial topics, including budgeting tools- YNAB: A great American website/app that provides a lot of video content to help motivate you around budgeting!By the end of this episode, you'll have a clearer understanding of how to approach budgeting in a way that suits your needs, and hopefully you'll be equipped with the specific tools and knowledge to get you on your journey! So tune in, learn a bit about the essentials, and share on if you find it useful %)---Please help us share the good word (and make Kiwis richer and smarter with money) - the more we grow, the more good we can do %) Don't forget to follow, subscribe and rate the podcast if you found it useful!Find us: InstagramFacebookLinkedInDisclaimer: This podcast contains personal opinions and is intended to provide educational information only. It doesn't relate to your particular financial situation or goals and is not financial advice or recommendations. Simplicity New Zealand Limited is the issuer of the Simplicity KiwiSaver scheme and investment funds. For product disclosure statements please visit Simplicity's website simplicity. kiwi.

In this special, slightly extended episode of Money Made Simple, Liv is joined by Shamubeel Eaqub, renowned Kiwi chief economist, for a deep dive into the current state and future of New Zealand's economy. This episode offers an insightful yet easy-to-understand breakdown of the drivers, challenges, potential solutions, and future projections that concern everyday Kiwi. This episode covers:An overview of the current economic landscape, and how it's been influenced by recent global disruptions including the pandemic and rising interest ratesHow key economic factors have impacted the job market and businesses (and what's likely to happen in the next 12 months around these)Explaining the ongoing issues with inflation, its impact on the cost of living, and how interest rates are used as a tool to manage themTrends we're seeing in the housing market, recent price changes, and what future movements might look likeHow long-term economic challenges like climate change, demographics, and the housing crisis will shape New Zealand's futureResources we mention in this episode:- Simplicity's website: Provides tools and information related to financial planning and KiwiSaver - https://simplicity.kiwi- Generation Rent: Shamubeel's book co-authored with his wife Selina, discussing the housing crisis and potential solutions. Available on all major book retail platforms.This episode not only tackles the current state of the economy but also provides a hopeful outlook on how New Zealand can navigate the major future challenges which are likely to come. Shamubeel is an absolute pro at that simplifying complex economic issues, making them accessible and understandable to all Kiwis. So tune in for a comprehensive yet simple look at the economy!---Please help us share the good word (and make Kiwis richer and smarter with money) - the more we grow, the more good we can do %) Don't forget to follow, subscribe and rate the podcast if you found it useful!Find us: InstagramFacebookLinkedInDisclaimer: This podcast contains personal opinions and is intended to provide educational information only. It doesn't relate to your particular financial situation or goals and is not financial advice or recommendations. Simplicity New Zealand Limited is the issuer of the Simplicity KiwiSaver scheme and investment funds. For product disclosure statements please visit Simplicity's website simplicity. kiwi.

In this episode of Money Made Simple, Jennie and Liv address the most frequently asked questions by our KiwiSaver and Investment Fund members. With insights from across the Simplicity team, this episode aims to help troubleshoot common issues and queries, and provide practical tips to help you navigate your KiwiSaver and Investment Fund accounts more efficiently and effectively. We cover the following FAQs we see almost err' day:Should I lump sum it, or do regular investment contributions? Exploring the benefits of both investment strategies and how they impact your long-term savings (including our fave, compounding returns)What's the right fund type for me? Discussing ways you can select the most suitable fund for your financial goals and risk toleranceHow do I go about switching providers/funds? A step-by-step guide on how to switch providers or funds easily and what to consider before making a switchWhy haven't I received the govt contribution?! Detailing how government contributions work, eligibility criteria, and how to maximise these benefitsHELP!! I can't login! Tips on resolving super common issues related to logging into your KiwiSaver or Investment account and (the dreaded) 2FAResources mentioned in this episode:- Simplicity's KiwiSaver tools - including a fund selector tool, fees calculator and retirement planning tool- Sorted.org's Fund Finder Tool - helps you find the best KiwiSaver fund that matches your risk profile and investment goals. - IRD website - for comprehensive details on KiwiSaver rules, regs and guidelines. By the end of this episode, we hope that we will have answered at least one of those burning questions you may have had (or will have) at some point when it comes to your KiwiSaver! And if not, hopefully it's helpful anyway - and feel free to get in touch with us via our socials (linked below!) and we'll do another FAQs episode soon :) *Editor's note: Simplicity is not licensed to provide financial advice and that also applies to the tools that we provide - they are not financial advice or a substitute for seeking such advice.*---Please help us share the good word (and make Kiwis richer and smarter with money) - the more we grow, the more good we can do %) Don't forget to follow, subscribe and rate the podcast if you found it useful!Find us: InstagramFacebookLinkedInDisclaimer: This podcast contains personal opinions and is intended to provide educational information only. It doesn't relate to your particular financial situation or goals and is not financial advice or recommendations. Simplicity New Zealand Limited is the issuer of the Simplicity KiwiSaver scheme and investment funds. For product disclosure statements please visit Simplicity's website simplicity. kiwi.

In this episode of Money Made Simple, Jennie is joined by the impressive Sam Bridgewater, co-founder and director of the Pure Food Co., a company revolutionising nutrition for seniors around the globe. Simplicity has invested in Pure Food Co. via our Private Capital business, and today, Sam shares his own story and the inspiring journey behind the company's mission to nourish the world's seniors with nutrient-rich, enjoyable food. This week's episode covers: How personal family experiences led Sam to leave banking and start Pure Food Co. to address the nutritional challenges faced by seniors.Discussion on how Pure Food Co. aims to improve seniors' quality of life through better nutrition, and the broad impact of their products in aged care and healthcare facilities. Insights into the development of Pure Food Co.'s specialized nutritional foods, which combine great taste with high nutritional value. Sam talks about overcoming industry challenges to create a scalable business model that delivers effective nutritional solutions. Exploration of Pure Food Co.'s plans for growth, particularly their expansion into international markets like Australia and France.Resources we mention in this episode:- Simplicity's website: https://simplicity.kiwiBy the end of this episode, you'll learn all about how Pure Food Co. is not just changing the way we think about food for seniors but also setting new standards in healthcare nutrition. Tune in to discover how innovation in food technology is making a tangible difference in the lives of elderly populations around the world. And of course, is paving the way for a better future for us all!NEW: Check out our YouTube channel (Simplicity KiwiSaver) for the full video version of this episode!---Please help us share the good word (and make Kiwis richer and smarter with money) - the more we grow, the more good we can do %) Don't forget to follow, subscribe and rate the podcast if you found it useful!Find us: InstagramFacebookLinkedInDisclaimer: This podcast contains personal opinions and is intended to provide educational information only. It doesn't relate to your particular financial situation or goals and is not financial advice or recommendations. Simplicity New Zealand Limited is the issuer of the Simplicity KiwiSaver scheme and investment funds. For product disclosure statements please visit Simplicity's website simplicity. kiwi.

In this episode of Money Made Simple, Jennie and Liv address the often intimidating and complex world of investing, breaking down the finance-bro jargon! Gaining a deeper understanding around some of these tricky terms is super useful for anyone looking to make informed investment decisions and manage their finances effectively. Today, we break down key investment terms into simple, easy-to-understand language to help you navigate the investment landscape confidently. This episode covers:Definitions of need-to-know investment terms such as "investment" and "assets," and how they relate to your financial growthClarifications on stuff like shares, bonds and dividends, including their roles in personal finance and how they impact investment portfoliosInsights into investment funds - how they work and the benefits they offer to individual investors vs DIY investingThe concepts of diversification and asset allocation, explaining why they are critical for risk management in investmentsThe significance of understanding investment risk and return, and how to balance the two to suit your own goals, timing, and the "sleep test"A very quick intro to hedging strategies and their relevance in protecting investments from currency fluctuationsResources we mention in this episode:- Sorted.org: https://www.sorted.org.nz - Investopedia: https://www.investopedia.com- MoneyHub: https://www.moneyhub.co.nzBy the end of this episode, you'll hopefully have a solid grasp of essential financial terms and concepts... which will empower you to make smarter, more strategic investment choices. Whether you're a novice looking to start investing or seeking to deepen your existing knowledge, this episode is your guide to demystifying the complex language of finance. So tune in to tune up your financial literacy (and maybe take the plunge you've been putting off!).---Please help us share the good word (and make Kiwis richer and smarter with money) - the more we grow, the more good we can do %) Don't forget to follow, subscribe and rate the podcast if you found it useful!Find us: InstagramFacebookLinkedInDisclaimer: This podcast contains personal opinions and is intended to provide educational information only. It doesn't relate to your particular financial situation or goals and is not financial advice or recommendations. Simplicity New Zealand Limited is the issuer of the Simplicity KiwiSaver scheme and investment funds. For product disclosure statements please visit Simplicity's website simplicity. kiwi.

In this episode of Money Made Simple, Jennie and Liv continue their discussion on how to beat the cost of living crisis. This is part two of our (hopefully super practical and helpful!) two-part episode. While part one focused on smart cost-cutting strategies, part two shifts to exploring ways to potentially increase your income, as well as outlining the resources where you can find immediate, additional support. This episode covers:A list of ways to boost your income through freelancing, side gigs, and part-time jobsOpportunities to monetize hobbies and craft skills, potentially turning your passion into profitHow to turn your household clutter into cashIf you're a homeowner, how you could explore additional ways to help cover the deathly high mortgage costs Longer-term ways to increase your income for future wealth A look at the government assistance available to Kiwis that are doing it particularly tough right now (including accommodation support, KiwiSaver withdrawals and family help)Community resources that can offer additional help for anyone in need in the short-termResources we mention in this episode:- Upwork: https://www.upwork.com- Fiverr: https://www.fiverr.com- Freelancer: https://www.freelancer.com- Felt: https://felt.co.nz/- Work and Income New Zealand (WINZ): https://www.workandincome.govt.nz - Citizens Advice Bureau: https://www.cab.org.nz- Community Law Centers: http://communitylaw.org.nz- Salvation Army: https://www.salvationarmy.org.nz- Auckland City Mission: https://www.aucklandcitymission.org.nz- New Zealand Federation of Family Budgeting Services: https://www.familybudgeting.org.nzBy the end of this two-part episode, we hope that you'll have a full suite of practical options to help you both cost-cut and increase your income during these extremely challenging times. And remember - you don't need to do everything all at once; baby steps are the way to go! So maybe start with one small change/step and see how you go %)---Please help us share the good word (and make Kiwis richer and smarter with money) - the more we grow, the more good we can do %) Don't forget to follow, subscribe and rate the podcast if you found it useful!Find us: InstagramFacebookLinkedInDisclaimer: This podcast contains personal opinions and is intended to provide educational information only. It doesn't relate to your particular financial situation or goals and is not financial advice or recommendations. Simplicity New Zealand Limited is the issuer of the Simplicity KiwiSaver scheme and investment funds. For product disclosure statements please visit Simplicity's website simplicity. kiwi.

In this episode of Money Made Simple, join Jennie and Liv as they dive into the hot topic of the cost of living crisis, offering insights and practical suggestions to help you navigate what can feel like ever-increasing expenses. This episode covers:An exploration of the factors contributing to the cost of living crisis, including the pandemic, supply chain issues, labour shortages and geopolitical tensionsA look at how the impact on everyday expenses in New Zealand, from housing to groceries, bills and beyondDiscussion on practical cost-cutting strategies, such as smart grocery shopping, optimising household bills, and managing non-essential spendingPersonal experiences around how we've adjusted own spending in response to the cost of living increasesSome great tips from other reliable sourcesCreative solutions for reducing expenditures while still enjoying your life, like entertaining at home and making the most of free communities activitiesResources we mention in this episode:- Money Hub's guide on lowering your power bill- Sorted.org for budgeting tools- Genesis Energy's advice on reducing hot water costs- Repair CafeBy the end of part one of this two part episode, you'll gain some valuable insights into some of the drivers of the current economic situation and discover practical ways to stretch your dollar further during these challenging times.---Please help us share the good word (and make Kiwis richer and smarter with money) - the more we grow, the more good we can do %) Don't forget to follow, subscribe and rate the podcast if you found it useful!Find us: InstagramFacebookLinkedInDisclaimer: This podcast contains personal opinions and is intended to provide educational information only. It doesn't relate to your particular financial situation or goals and is not financial advice or recommendations. Simplicity New Zealand Limited is the issuer of the Simplicity KiwiSaver scheme and investment funds. For product disclosure statements please visit Simplicity's website simplicity. kiwi.

In this episode of Money Made Simple, join Liv and Jennie as they dive into the essentials of setting up a rainy day AKA an emergency fund. With the current economic climate bringing uncertainty for many of us, having a financial safety net is more crucial than ever. This episode covers:What a rainy day fund is and why it's critical for our financial securityPractical steps about how to get started, including how to determine how much you need in your emergency fundTips for setting up and managing your fund to keep it accessible yet secureInsights on adjusting your fund over time to adjust to life changesAnd a few thoughts about ways to get your emergency fund working harder for you, while there is no emergencyResources we mention in this episode:- The Barefoot Investor- Money Made Simple book by Sam Stubbs- Sorted.org savings calculatorBy the end of this episode, you'll understand the importance of an emergency fund, how to calculate your needs based on your lifestyle, and smart strategies for growing and maintaining your fund over time. Tune in to gain the knowledge and confidence to build a financial buffer that ensures peace of mind and preparedness for any unexpected expenses.---Please help us share the good word (and make Kiwis richer and smarter with money) - the more we grow, the more good we can do %) Don't forget to follow, subscribe and rate the podcast if you found it useful!Find us: InstagramFacebookLinkedInDisclaimer: This podcast contains personal opinions and is intended to provide educational information only. It doesn't relate to your particular financial situation or goals and is not financial advice or recommendations. Simplicity New Zealand Limited is the issuer of the Simplicity KiwiSaver scheme and investment funds. For product disclosure statements please visit Simplicity's website simplicity. kiwi.

In this episode of Money Made Simple, Liv is joined by Simplicity's (quietly) kick-ass Head of Private Capital, Matt Houtman, to delve into the intriguing but sometimes confusing world of Private Equity and Venture Capital. Get ready to understand why a KiwiSaver and Investment Fund manager would invest in private companies  (rather than just the share market), and how it specifically benefits investors. This week's episode covers:Matt's journey from investment banking, to raising $500 million in funds, to joining the Simplicity teamThe key differences between private and public investmentsWhat jargon such as private capital, private equity, and venture capital ACTUALLY meanSimplicity's strategies and criteria around this type of investingA look at the relative size of our private capital - and the outsized returns-to-dateThe long-term benefits of private capital investments for investorsInsights into how Simplicity balances fundamentally passive investment strategies with more active private capital investmentsResources we mention in this episode- Simplicity's Responsible Investment Policy- Venture capital via Icehouse Ventures- Private equity businesses Simplicity invests inBy the end of this episode, you'll have a clear understanding of how private capital investments work, and why they are an exciting and beneficial addition to an otherwise predominantly passive portfolio. You'll discover how these investments drive exciting potential returns for members while supporting NZ's economic growth. Win-win!---Please help us share the good word (and make Kiwis richer and smarter with money) - the more we grow, the more good we can do %) Don't forget to follow, subscribe and rate the podcast if you found it useful!Find us: InstagramFacebookLinkedInDisclaimer: This podcast contains personal opinions and is intended to provide educational information only. It doesn't relate to your particular financial situation or goals and is not financial advice or recommendations. Simplicity New Zealand Limited is the issuer of the Simplicity KiwiSaver scheme and investment funds. For product disclosure statements please visit Simplicity's website simplicity. kiwi.

In this episode of Money Made Simple, Jennie welcomes Liv back after a bit of a hiatus (all is explained!) to chat about what is a highly searched, but often misunderstood topic: Opting out of KiwiSaver, as well as making early withdrawals. We explain how and why someone might choose to opt out once they're automatically enrolled, and the (several) reasons you can take some or all your KiwiSaver funds out  before you retire.This week's episode covers:The voluntary nature of KiwiSaver, and how people can join (either by choice or automatic enrollment)The reasons (good and bad!) people would choose to opt out of KiwiSaver, once already enrolledWhat exactly happens in the process of opting out - the steps you takeThe substantial impacts that opting out of KiwiSaver could have (hint: you'll lose out on some free money!)Why and how you can withdraw some of all of your KiwiSaver funds early, including for your first home or for financial hardshipThe financial consequences of of making early withdrawalsKiwiSaver savings suspensions - the what, why and how it could be a better option than opting out or withdrawing your savingsResources we mention in this episode:IRD website Opting out of KiwiSaver IRD website  Getting my KiwiSaver savings earlyMMS episode 6 KiwiSaver contribution typesBy the end of this episode, you should have a clear idea of the reasons but also the impacts of not having your money invested in KiwiSaver. This way you can hopefully make more informed decisions on the best plan of action for you, should your investing journey need to change course!---Please help us share the good word (and make Kiwis richer and smarter with money) - the more we grow, the more good we can do %) Don't forget to follow, subscribe and rate the podcast if you found it useful!Find us: InstagramFacebookLinkedInDisclaimer: This podcast contains personal opinions and is intended to provide educational information only. It doesn't relate to your particular financial situation or goals and is not financial advice or recommendations. Simplicity New Zealand Limited is the issuer of the Simplicity KiwiSaver scheme and investment funds. For product disclosure statements please visit Simplicity's website simplicity. kiwi.

50% of New Zealand adults don't have a will(!) In this episode of Money Made Simple, Jennie invites Glenys Talivai, CEO of Public Trust, to tell us all about wills - why so many don't have them, why they're so very important, and how you go about making yours.  Many people think everything will automatically go to their partner or next of kin when they die, but this is not always the case. This week's episode covers:What a will actually is, and a whole lot of stuff you could include beyond who gets the house - from your funeral wishes to who will look after your babies and fur babiesWhy having a will is so key for your nearest and dearest, at a time that can already be very stressful When in life you should start thinking about making your first willHow you actually go about making a will, what are the options, who can help and  importantly, how much does it cost? Some less obvious things to think about as you make, and update, your willResources we mention in this episode:- Public Trust's guide to making a willBy the end of this episode, we hope that you (and Jennie!) can be confident that making a will doesn't have to be a hugely time consuming or expensive task, and you'll know how valuable it is to get done now (not later), for your own peace of mind and your family's.---Please help us share the good word (and make Kiwis richer and smarter with money) - the more we grow, the more good we can do %) Don't forget to follow, subscribe and rate the podcast if you found it useful!Find us: InstagramFacebookLinkedInDisclaimer: This podcast contains personal opinions and is intended to provide educational information only. It doesn't relate to your particular financial situation or goals and is not financial advice or recommendations. Simplicity New Zealand Limited is the issuer of the Simplicity KiwiSaver scheme and investment funds. For product disclosure statements please visit Simplicity's website simplicity. kiwi.

In this episode, Jennie sits down with Simplicity superstar Sebastian Neubrandt to delve into the topic of kids and KiwiSaver. Should Kiwis under 18 have a KiwiSaver? What's the best time to set up an account? What are the key benefits and are there any disadvantages?Jennie and Seb both admit that they don't have KiwiSaver set up for their own kids yet, but they're definitely considering it by the end of their conversation.This episode covers:The compelling reasons to consider signing your kids up for KiwiSaver, including jumpstarting their savings for a first home deposit or their retirement, and fostering good money habitsIf there's an ideal amount to invest. And whether it's better to invest a lump sum and leave it there to grow, or make small but regular payments over timeWho can contribute to your child's account (i.e. beyond parents/guardians - hello grandparents!!) and when they become eligible for employer and government contributionsThe cost of having a KiwiSaver account, and why you need to pay special attention to feesHow to set up an account for someone under 18, including what info and documents are neededIf the process of choosing the right fund type differs for childrenWhether KiwiSaver is the best way to save for your child's future, and what the other options areResources we mention in this episode:We made our savings calculations on Sorted's saving calculator, using a projected return of 4.5% p.a which is based on government-mandated assumptions for a Growth Fund. More info here.Sorted.org's KiwiSaver fund finder for fee comparisonsSimplicity's Fund selector tool to help choose the right fund for youOne we didn't mention but could be useful  when looking into KiwiSaver for your kids is Moneyhub -  KiwiSaver for kids: The definitive guideOnce you've listened to this episode, you'll know some of the pros and cons of setting up a KiwiSaver account for kids, and will hopefully have a much better idea if it's the right thing for you and your family.  If you're not a parent but have special children in your life, share this episode with their parents or guardians!---Please help us share the good word (and make Kiwis richer and smarter with money) - the more we grow, the more good we can do %) Don't forget to follow, subscribe and rate the podcast if you found it useful!Find us: InstagramFacebookLinkedInDisclaimer: This podcast contains personal opinions and is intended to provide educational information only. It doesn't relate to your particular financial situation or goals and is not financial advice or recommendations. Simplicity New Zealand Limited is the issuer of the Simplicity KiwiSaver scheme and investment funds. For product disclosure statements please visit Simplicity's website simplicity. kiwi.

Colin Magee from Catalist is back, baby! Last time he demystified stock exchanges with Liv, and in this episode of Money Made Simple he helps explains financial regulations to Jennie... Don't worry, it's more interesting than you may imagine! As an ex-lawyer and previous FMA exec, Colin is a fountain of knowledge on the topic and is here to explain the basics so you can feel confident in your investment decisions.This week's episode covers:The difference between licensed and regulated providers (and why it matters)The different rules and regulations covering banks, stock exchanges, managed fund providers, and individual financial advisorsHow and why there's actually a double layer of regulation on your KiwiSaver savingsWatch-outs when seeking financial advice (understand who's paying them!)Key things to look for in working out whether an investment opportunity is "safe"Resources we mention in this episode:Sorted.org (the ol' fave for all things financial know-how!)Colin's great blog on the benefits of a licensed stock exchange The FMA website's range of regulatory resourcesBy the end of this episode, our aim is to help you understand that while ALL investing carries risk, comprehensive rules and regulations out there in NZ are in place to avoid what we could call "bad risk" - and let you get on with the business of making the right decisions for you!---Please help us share the good word (and make Kiwis richer and smarter with money) - the more we grow, the more good we can do %) Don't forget to follow, subscribe and rate the podcast if you found it useful!Find us: InstagramFacebookLinkedInDisclaimer: This podcast contains personal opinions and is intended to provide educational information only. It doesn't relate to your particular financial situation or goals and is not financial advice or recommendations. Simplicity New Zealand Limited is the issuer of the Simplicity KiwiSaver scheme and investment funds. For product disclosure statements please visit Simplicity's website simplicity. kiwi.

In this episode of Money Made Simple, Liv is joined by Simplicity's Deputy Head of Investor Services Emma Ryan to get the goss on why getting KiwiSaver government contributions is SUCH a no-brainer. (Caveat - that's if you're eligible!). This episode covers:A quick explainer on the three main types of KiwiSaver contributions and how they all work togetherHow the KiwiSaver year works (and why it's relevant to getting your govt contributions!)The three main eligibility criteria you need to meet in order to qualify for receiving government contributions each year (side note - your eligibility could change!)The impact of government contributions over your working lifetime - you could be more than $90k richer (and that's not taking into account the personal contributions that you'll make alongside!)How government contributions work if you're partially eligible, or contribute less than the amount needed to get the maximum yearly amountHow to check - and rectify! - whether you've contributed enough each year to get the government contributionResources we mention in this episode:- sorted.org- IRD website KiwiSaver information (and MyIR)By the end of this episode you'll be a total pro when it comes to government contributions - and you'll know how to make sure you get the best out of this priceless opportunity to get a 50% return on your KiwiSaver contributions (well, up to that first $1043 at least!).---Please help us share the good word (and make Kiwis richer and smarter with money) - the more we grow, the more good we can do %) Don't forget to follow, subscribe and rate the podcast if you found it useful!Find us: InstagramFacebookLinkedInDisclaimer: This podcast contains personal opinions and is intended to provide educational information only. It doesn't relate to your particular financial situation or goals and is not financial advice or recommendations. Simplicity New Zealand Limited is the issuer of the Simplicity KiwiSaver scheme and investment funds. For product disclosure statements please visit Simplicity's website simplicity. kiwi.

In this episode of Money Made Simple, we're stoked to invite our good friend Sarah, host of the OneUp Project podcast to chat all about the Digital Nomad Visa. Not familiar?! Listen in, and you will be in 20 minutes!! Sarah explains to us how this relatively new type of visa tends to work, and we discuss the financial/budgeting side of embarking on a "remote work trip of a lifetime".This episode covers:An intro to Sarah, her journey with OneUp and how she's got to this point where she's about to embark on her remote work tripHow digital nomad visas actually work, and what's required to get oneThe differences between the various countries that offer themHow to budget for a digital nomad visa (spoiler - it can really depend on where you decide to go!)The steps you need to go through to get a digital nomad visaHow you can effectively "win-win" when it comes to embarking on the adventure of a lifetime while still saving for your financial future (the 20 year holiday)Setting up your financial foundations - how Sarah sees KiwiSaver, investments and spending all fitting togetherWhether the remote working life is really the best thing for you - and if so, how to suss it outResources we mention in this episode:Numbeo.com Cost of Living by country guideBy the end of this episode, we hope you'll be all over the digital nomad visa, whether it's actually right for you, and how to go about getting one if it ticks all your boxes! ---Please help us share the good word (and make Kiwis richer and smarter with money) - the more we grow, the more good we can do %) Don't forget to follow, subscribe and rate the podcast if you found it useful!Find us: InstagramFacebookLinkedInDisclaimer: This podcast contains personal opinions and is intended to provide educational information only. It doesn't relate to your particular financial situation or goals and is not financial advice or recommendations. Simplicity New Zealand Limited is the issuer of the Simplicity KiwiSaver scheme and investment funds. For product disclosure statements please visit Simplicity's website simplicity. kiwi.

In this episode of Money Made Simple, we're back on the topic of choosing the right KiwiSaver provider for YOU. In Part two of two, we look at a couple more factors to consider when choosing a KiwiSaver provider, some would say having saved the best for last.... Jennie and Liv talk about how you might like think about things like a provider's performance, fees and  the concept of value for money.This episode covers:Fund performance across (almost) all the different KiwiSaver providers - how to find an independent view of this, why it's important to look at the long-termConversely, why past performance isn't necessarily a reliable measure of how good a provider may beFees, fees, fees - why we think they're such an important factor in terms of long-term performance (everything in this world is connected, right!)What KiwiSaver provider fees actually cover, in case you were wonderingValue for money - what we think it means, and how you could consider this when choosing your providerResources we mention in this episode:Sorted.org's Fund Finder Tool (our fave!)Sorted.org Smart Investor ToolIndependent financial education website Moneyhub.co.nzBlogger MoneyKing NZBy the end of this episode (well two episodes, really!) we hope you'll have a pretty comprehensive view of all the different factors that can and potentially should influence your KiwiSaver decision making. Just a little time taken now could make a huge difference to your financial future - so go forth and conquer those decisions! We don't think you'll regret it %)---Please help us share the good word (and make Kiwis richer and smarter with money) - the more we grow, the more good we can do %) Don't forget to follow, subscribe and rate the podcast if you found it useful!Find us: InstagramFacebookLinkedInDisclaimer: This podcast contains personal opinions and is intended to provide educational information only. It doesn't relate to your particular financial situation or goals and is not financial advice or recommendations. Simplicity New Zealand Limited is the issuer of the Simplicity KiwiSaver scheme and investment funds. For product disclosure statements please visit Simplicity's website simplicity. kiwi.

After mastering the stock market in our last episode, we're going back to basics - how to choose a KiwiSaver provider. This is possibly one of the more important and long-term relationships you'll have in your life - so you want to get it right! Liv and Jennie discuss why you might want to switch, the key factors to consider when evaluating different providers, and the practical steps involved in making the switch. They had so much to say about this topic we've divided this episode into two parts.In Part One we cover: Why choosing the right provider for you is important and worth thinking about.The jargon. What is a KiwiSaver scheme, a KiwiSaver plan, and KiwiSaver manager, a KiwiSaver provider, a default provider, an investment strategy, an offer?! We think understanding the lingo makes it much easier to make a decision.How to align your KiwiSaver with the things that matter most to you. Whether thats involves active management,  a provider that offers a lot of flexibility, or maybe you want something more hands-off, a set and forget approach.Additional factors such as ethical investing and whether investing locally is important to you.Communication and transparency.  What information is available to investors?  Do they have lots of channels of communication? How much transparency is there on investments?By the end of this episode, you will understand why choosing the right KiwiSaver provider for you is such an important decision, and you'll be half way through our four things to consider. Don't forget to tune into to Part Two of this episode where we looks at our third and forth things to consider when choosing a KiwiSaver provider (Spoiler! They are long-term performance, plus fees and value for money). And we also walk you through the simple steps to switching   %)---Please help us share the good word (and make Kiwis richer and smarter with money) - the more we grow, the more good we can do %) Don't forget to follow, subscribe and rate the podcast if you found it useful!Find us:InstagramFacebookLinkedInDisclaimer: This podcast contains personal opinions and is intended to provide educational information only. It doesn't relate to your particular financial situation or goals and is not financial advice or recommendations. Simplicity New Zealand Limited is the issuer of the Simplicity KiwiSaver scheme and investment funds. For product disclosure statements please visit Simplicity's website simplicity. kiwi.---Please help us share the good word (and make Kiwis richer and smarter with money) - the more we grow, the more good we can do %) Don't forget to follow, subscribe and rate the podcast if you found it useful!Find us: InstagramFacebookLinkedInDisclaimer: This podcast contains personal opinions and is intended to provide educational information only. It doesn't relate to your particular financial situation or goals and is not financial advice or recommendations. Simplicity New Zealand Limited is the issuer of the Simplicity KiwiSaver scheme and investment funds. For product disclosure statements please visit Simplicity's website simplicity. kiwi.

In this episode of Money Made Simple brought to you by Simplicity, we attempt to demystify and "dejargonise" the behemoth known as the Stock Exchange! And 'cos we're not actually share market aficionados, this week we've wrangled in a special guest who actually is. We welcome Colin Magee, founder of Catalist, to the show to explain to us what we mean when we throw the terms "share", "stock", or "equities" around. He also patiently explains to us how real-life stock exchanges work (it's not actually rocket science, as you'll hear!). This week's episode covers:Breaking down the jargon that surrounds the stock market - what stuff like stocks, shares, equity and dividends are How the concept of a Stock Exchange came about, from ship-trading in the 1300s to coffee shops in the UK in the 1600s, to Wall Street and the NZX todayThe role of Sharesies, Jardin and the banks in allowing everyday people access to dabble in share trading"Going public": What's involved for a company to list on the share market (and why would they bother?)Who's got the biggest Stock Exchange of them all... comparing the NYSE, the NASDAQ, NZX and ASX. Does size really matter?How and why Stock Exchanges allow the economy to thrive Why Colin created Catalist, an alternative Stock Exchange for smaller businessesAfter you've finished listening to this episode, we reckon the Stock Exchange won't ever seem like such a big, hairy, scary beast again (if it ever was)! You'll hopefully understand and feel confident in dabbling in the stock market, whether that be through individual shares or investing in managed funds. Knowledge is power - the share market isn't just for Wall Street Wunderkinds!---Please help us share the good word (and make Kiwis richer and smarter with money) - the more we grow, the more good we can do %) Don't forget to follow, subscribe and rate the podcast if you found it useful!Find us: InstagramFacebookLinkedInDisclaimer: This podcast contains personal opinions and is intended to provide educational information only. It doesn't relate to your particular financial situation or goals and is not financial advice or recommendations. Simplicity New Zealand Limited is the issuer of the Simplicity KiwiSaver scheme and investment funds. For product disclosure statements please visit Simplicity's website simplicity. kiwi.

In this episode of Money Made Simple, Jennie and Liv tackle one of our favourite topics - the age-old passive vs active investing approach! We explain (in simple terms, of course) what these terms actually mean, and go into a little detail around some of the key differences between the two styles, both for an individual and a fund manager like Simplicity. We provide our own take on which approach is best (any guesses?!) and why.This week's episode covers:What we mean when we talk about "passive" vs "active" investing styles (and why they're important to understand - do you know how your KiwiSaver fund is managed?)The differences in resources, costs and fees involved for active vs passive investingHow the two approaches differ in terms of diversification (making sure your eggs aren't in one basket and all that jazz)Historic performance comparisons between passive and active fund managersOur own experiences dabbling in both types of investing approachesHow Simplicity is predominantly passive in its approach to investing, but how - and why! - we practice an element of active investing, tooResources we mention in this episode:S&P Global's SPIVA studiesBy the end of this episode, you'll hopefully have a much clearer idea of how the two main investment approaches work, and what kind of approach you may suit better in terms of your own investing (and maybe even KiwiSaver fund) preferences! We encourage you to understand and take an active interest in how and where your savings are being invested - it may make a big difference to your retirement game  %)---Please help us share the good word (and make Kiwis richer and smarter with money) - the more we grow, the more good we can do %) Don't forget to follow, subscribe and rate the podcast if you found it useful!Find us: InstagramFacebookLinkedInDisclaimer: This podcast contains personal opinions and is intended to provide educational information only. It doesn't relate to your particular financial situation or goals and is not financial advice or recommendations. Simplicity New Zealand Limited is the issuer of the Simplicity KiwiSaver scheme and investment funds. For product disclosure statements please visit Simplicity's website simplicity. kiwi.

In this second episode for 2024 - where has January gone! - Liv and Jennie dish the dirt on KiwiSaver fund types, and why being in the right fund for you is so damn important. Hint: it can make a BIG difference to how much money you end up with at 65 (we're talking potentially tens of thousands of dollars or more!).  We take a look at the five basic KiwiSaver fund types, explain the basics around risk vs returns and chat about why you need to be super realistic about your own attitude to risk.This week's episode covers:What do we actually mean by a "fund" and what are the advantages of pooling your money with other investors - aka managed funds? The five KiwiSaver Fund types - Defensive, Conservative, Balanced, Growth and High Growth/Aggressive - and the very key differences between themThe risk-reward tradeoff - why you have to accept more risk if you're gonna be chasing those higher returns!The role that time plays in choosing the right fund  (i.e. when do you need/want to access this money?)Other factors to consider when choosing your own KiwiSaver fund (and provider!)Resources we mention in this episode:Sorted.org - KiwiSaver Fund FinderSorted.org - Smart InvestorSimplicity - Fund selector toolOne we didn't mention but could be super useful  when looking into what's the right fund type for you:   Moneyhub: How to choose a KiwiSaver Fund.Once you've listened to this episode, hopefully you'll have a much better idea (if you don't already!) around if you're in the KiwiSaver fund that suits you best, or whether you maybe need to reassess your fund choice (perhaps using one of the tools above). We want to arm you with the best chance of planning your ideal financial future!EDITOR'S NOTE:  Simplicity's fees as mentioned in the podcast - 0.25% p.a. for all diversified funds - take effect Thursday 1 February 2024.   Before this date they were 0.29% p.a.---Please help us share the good word (and make Kiwis richer and smarter with money) - the more we grow, the more good we can do %) Don't forget to follow, subscribe and rate the podcast if you found it useful!Find us: InstagramFacebookLinkedInDisclaimer: This podcast contains personal opinions and is intended to provide educational information only. It doesn't relate to your particular financial situation or goals and is not financial advice or recommendations. Simplicity New Zealand Limited is the issuer of the Simplicity KiwiSaver scheme and investment funds. For product disclosure statements please visit Simplicity's website simplicity. kiwi.

In the very first episode of Money Made Simple for 2024, Jennie and Liv discuss a very important topic which savvy investors will be all over... diversifying your portfolio! For both KiwiSaver and non-KiwiSaver investments, it's super important not to put all your eggs in one basket. We explain how diversification works, why you should do it and how to make sure your investments have the best chance of success over the long term (spoiler alert - it's super easy!).This week's episode covers:What diversification means when it comes to investingDiversifying within asset types and across asset classes (don't worry, we explain the jargon here!)An example of investing all your money in a particular share vs in an index fund. And the interesting results over 20 years!What happened to the markets during the COVID pandemicHow to build a diversified portfolio An introduction to passive vs active investment approachesLoss aversion theory - and why it's important to understand for successResources we mention in this episode:Find Mercer's Periodic Table of Investments here.Once you've listened to this episode, we hope that you'll be better set up to shape your own investment portfolio for long-term success. You'll understand why following a diversified, passive investment approach can be the best option to secure your financial future.---Please help us share the good word (and make Kiwis richer and smarter with money) - the more we grow, the more good we can do %) Don't forget to follow, subscribe and rate the podcast if you found it useful!Find us: InstagramFacebookLinkedInDisclaimer: This podcast contains personal opinions and is intended to provide educational information only. It doesn't relate to your particular financial situation or goals and is not financial advice or recommendations. Simplicity New Zealand Limited is the issuer of the Simplicity KiwiSaver scheme and investment funds. For product disclosure statements please visit Simplicity's website simplicity. kiwi.

In our 13th and final episode of the year, Money Made Simple hosts Liv and Jennie chat about what has become a hugely problematic part of modern life: financial scams. Scams are becoming more and more prolific, as well as increasingly sophisticated - fooling even the most vigilant people. We provide guidance on how to avoid scams and scammers, the 'watch outs' and how to keep your online data secure. Liv also shares a personal story about someone in her life that has recently been the victim of a scam.This week's episode covers:Up-to-date facts and figures on scams in NZ (scary spoiler alert: 9 out of 10 Kiwis have at least been targeted)Some of the most common scams in New Zealand... redirected parcel, anyone?! What to do if you find yourself being smished (we explain!) or phishedHow AI  is driving more sophisicated scams and what to look out forSome simple and useful tips on how to keep your online data safeResources we mention in this episode:CertNZFMA - Report a scam hereBy the end of this  (slightly heartbreaking) episode, you should hopefully have a good awareness of common scams in NZ and some key red flags to look out for. You will have a new mantra - Be suspicious, never share personal info with anyone you don't know and when in doubt DON'T CLICK THAT LINK! And, if you're unlucky enough to have been a victim, you'll know how to report a scam - because the more we can share, the better prepared we can be!---Please help us share the good word (and make Kiwis richer and smarter with money) - the more we grow, the more good we can do %) Don't forget to follow, subscribe and rate the podcast if you found it useful!Find us: InstagramFacebookLinkedInDisclaimer: This podcast contains personal opinions and is intended to provide educational information only. It doesn't relate to your particular financial situation or goals and is not financial advice or recommendations. Simplicity New Zealand Limited is the issuer of the Simplicity KiwiSaver scheme and investment funds. For product disclosure statements please visit Simplicity's website simplicity. kiwi.

In this episode of Money Made Simple, Jennie is honoured to introduce Rebecca Roberts, manager of the Simplicity Foundation. The Foundation is an important part of the Simplicity story, founded at the same time as Simplicity NZ Ltd back in 2016. From the very start, the Foundation has received 15% of fees charged to our KiwiSaver and Investment Fund members - subsequently donating this money to a range of awesome Kiwi charities across the country. Jennie and Rebecca discuss why the Foundation was set up, who's involved and what sort of charities they are supporting.This week's episode covers:How the Foundation is structured and run, and who's involvedHow members actually benefit from Simplicity being a nonprofit owned by a charity - beyond the feel good factor of course!How Simplicity members determined the giving priorities of the charityThe four pillars that the Foundation bases charity giving aroundHow much the Foundation donates a year, and how much this translates to per member (it might shock you!)Some examples of Kiwi charities members help support, and the awesome mahi they are doing in their communitiesResources we mention in this episode:Simplicity.kiwi/our-charityBy the end of this episode, we hope you'll have a better idea of how the Foundation works and some of the amazing groups being supported, as well as that "aha moment" that this is truly a win-win situation for Simplicity members and Kiwis in need. And even if charitable giving isn't a key reason why every member chooses to invest with Simplicity, it is something we can all be proud to be part of %) ---Please help us share the good word (and make Kiwis richer and smarter with money) - the more we grow, the more good we can do %) Don't forget to follow, subscribe and rate the podcast if you found it useful!Find us: InstagramFacebookLinkedInDisclaimer: This podcast contains personal opinions and is intended to provide educational information only. It doesn't relate to your particular financial situation or goals and is not financial advice or recommendations. Simplicity New Zealand Limited is the issuer of the Simplicity KiwiSaver scheme and investment funds. For product disclosure statements please visit Simplicity's website simplicity. kiwi.

In this episode of Money Made Simple, Jennie and Liv are addressing the "elephant in the room" of the finance industry: the many types of fees and interest charged (which help generate those significant profits you keep hearing about in the news!). They provide some simple examples of how paying higher fees can impact the amount of money you accrue via your savings or investments over the long term, or the amount of interest you'll pay over the lifetime of a debt.This week's episode covers:Average fees charged on your KiwiSaver balance, and how these can add up over a year and over the longer termThe difference between paying 1% in fees vs 0.29% in fees (all things else being equal!) A look at the total amounts and percentages of fees taken by KiwiSaver providers in NZ for managing your moneyHow to be "paranoid" about the fees and interest that you pay when using any banking servicesThe difference that interest rates can make over the life of your mortgage - with relevant examples of course!Resources we mention in this episode:Sorted.org fee calculatorsMoney Made Simple audio bookOnce you've listened to this episode, we hope that you will have a clear understanding of the impacts that higher vs lower fees can have across many areas of financial services - and, of course, that fees are but just one variable to consider when it comes to choosing how to manage your own personal finances. And who you get to manage them!---Please help us share the good word (and make Kiwis richer and smarter with money) - the more we grow, the more good we can do %) Don't forget to follow, subscribe and rate the podcast if you found it useful!Find us: InstagramFacebookLinkedInDisclaimer: This podcast contains personal opinions and is intended to provide educational information only. It doesn't relate to your particular financial situation or goals and is not financial advice or recommendations. Simplicity New Zealand Limited is the issuer of the Simplicity KiwiSaver scheme and investment funds. For product disclosure statements please visit Simplicity's website simplicity. kiwi.

In this 10th episode of Money Made Simple, Liv and Jennie are here to convince the naysayers out there why KiwiSaver is SO handy - by bringing you their super-duper, absolute favourite benefits of the scheme. They highlight a range of cool things that make New Zealand's retirement savings scheme unique, as well as tips for how you can make the very most of some of these benefits (whether you're new or well-versed in how it all works). This week's episode covers:How compounding returns are so powerful to your future balance (with examples of course!)Why KiwiSaver can be one of the easiest ways to build that nest egg without too much hard work... automating stuff is key!How investing in KiwiSaver means you're not saving alone... "Santa's little helpers" are here to help you get richer along the wayHow KiwiSaver helps facilitate the Kiwi Dream... first home benefits,  anyone?!Some lesser known benefits around the level of protection (aka regulation) your KiwiSaver offers your hard-earned moolahResources we mention in this episode:Sorted.org KiwiSaver calculatorMoney Made Simple audio bookHopefully, by the time you get to the end of this episode you'll be TOTALLY convinced that KiwiSaver is the best thing since sliced bread, and equipped with the knowledge to make it work as hard for you as you can (there are lots of things you can do to to optimise it, btw!). There are lots more benefits we'll probably cover in the future - but we think these five are a great reason to spread the good word %)---Please help us share the good word (and make Kiwis richer and smarter with money) - the more we grow, the more good we can do %) Don't forget to follow, subscribe and rate the podcast if you found it useful!Find us: InstagramFacebookLinkedInDisclaimer: This podcast contains personal opinions and is intended to provide educational information only. It doesn't relate to your particular financial situation or goals and is not financial advice or recommendations. Simplicity New Zealand Limited is the issuer of the Simplicity KiwiSaver scheme and investment funds. For product disclosure statements please visit Simplicity's website simplicity. kiwi.

In this episode of Money Made Simple, Liv welcomes a new guest to the show - Dan Maguire, Simplicity's co-head of lending. Liv and Dan chat all about mortgages in New Zealand. They break down exactly what a mortgage loan actually is, how they work, and de-mystify the different types of mortgages you may hear thrown around by home owners and investors alike!This week's episode covers:The simple mechanics of how a mortgage worksWho offers them (and who can get one)The main different types of mortgages you can take out (we explain the nuances - offset, table, revolving credit; all the jargon!)The in's and out's of fixed and floating ratesHow and why Simplicity is able to offer lower cost mortgages to its KiwiSaver members buying a first homeEligibility requirements for Simplicity first home loansResources we mention in this episode:Sorted.org mortgage calculatorsInterest.co.nz borrowing hubMoneyhub mortgages comparisonThe subject of mortgages can seem convoluted and tricky, we know. So hopefully by the end of this episode you'll have a clearer idea of how they work, what you need to do to get one, and what kind of mortgage may suit your needs (either now or in the future)! You'll also know more about Simplicity's low-cost first home loans.---Please help us share the good word (and make Kiwis richer and smarter with money) - the more we grow, the more good we can do %) Don't forget to follow, subscribe and rate the podcast if you found it useful!Find us: InstagramFacebookLinkedInDisclaimer: This podcast contains personal opinions and is intended to provide educational information only. It doesn't relate to your particular financial situation or goals and is not financial advice or recommendations. Simplicity New Zealand Limited is the issuer of the Simplicity KiwiSaver scheme and investment funds. For product disclosure statements please visit Simplicity's website simplicity. kiwi.

In this episode of Money Made Simple, Liv and Jennie flip last week's episode on its head and chat about "good" debt, in part two of the debt conversation. They explain why borrowing money for certain things in life can actually improve your financial standing (remember: net worth!) in the long run.This week's episode covers:Two particular types of debt that are considered goodThe value of post-secondary education (and we don't just mean Uni) in terms of dollars and centsHow student loans actually work - and how much better they are than back in Jennie's day!The tricky topic of home ownership in NZ - and why it's so entrenched as the Kiwi dreamWhy there's such a HUGE difference between mortgage debt and consumer debt - for several reasonsOur personal stories around home ownershipResources we mention in this episode:Sorted.org calculatorsHopefully by the end of this episode you'll have a SUPER clear idea around what types of borrowing you don't need to be afraid of, and how to use debt that will quite literally "pay off" in the long run. ---Please help us share the good word (and make Kiwis richer and smarter with money) - the more we grow, the more good we can do %) Don't forget to follow, subscribe and rate the podcast if you found it useful!Find us: InstagramFacebookLinkedInDisclaimer: This podcast contains personal opinions and is intended to provide educational information only. It doesn't relate to your particular financial situation or goals and is not financial advice or recommendations. Simplicity New Zealand Limited is the issuer of the Simplicity KiwiSaver scheme and investment funds. For product disclosure statements please visit Simplicity's website simplicity. kiwi.

In this episode of Money Made Simple, Liv and Jennie are tackling debt! This episode is part one of two, focusing first on what we call the "bad" type.  Acknowledging that things aren't always as black and white as "good debt" or "bad debt", they explain why they are making this distinction and what the implications of bad debt are, in the short and long term.This week's episode covers:What exactly we mean by "bad" vs "good" debt The long-term impacts of bad debtThe pros and cons of credit cards and buy now pay later (BNPL) schemes like Laybuy or Afterpay Some handy (and maybe not so obvious) tips for tackling debtHow credit cards MIGHT sometimes be useful (hint - you need to be REALLY disciplined!) Resources we mention in this episode:Sam Stubbs' Money Made Simple ebookWe hope that by the end of this episode, you can start to differentiate between different types of debt, and their impacts on your finances over the long term. In this way you can start to cut bad debt out of your life, for good! And live happily ever after (too far, we know, felt cute). %) ---Please help us share the good word (and make Kiwis richer and smarter with money) - the more we grow, the more good we can do %) Don't forget to follow, subscribe and rate the podcast if you found it useful!Find us: InstagramFacebookLinkedInDisclaimer: This podcast contains personal opinions and is intended to provide educational information only. It doesn't relate to your particular financial situation or goals and is not financial advice or recommendations. Simplicity New Zealand Limited is the issuer of the Simplicity KiwiSaver scheme and investment funds. For product disclosure statements please visit Simplicity's website simplicity. kiwi.

In this episode of Money Made Simple, Jennie and Liv chat aaalllll about KiwiSaver contributions. They provide an overview of what the four different contribution types are (and how they work), how to keep track of them, and most importantly how to make them work harder for you... so you can grow the retirement nest egg you deserve!Key outtakes from this episode include:Check your employee contribution %, and use tools (linked below!) to make sure that it suits your needs (eg. for your first home purchase or to get to your retirement goal)If you can, make sure you qualify for the maximum Government Contribution - it is literally free money. If you have a windfall, consider using some or all of this as a voluntary contribution - it could have a big impact to your long-term balanceIf you experience an income and expense crunch, consider a savings suspension, but do this wisely - there can be significant consequencesResources we mention in this episode:- sorted.org- simplicity.kiwi (Retirement Calculator)Hopefully you'll finish this episode understanding exactly how KiwiSaver contributions work, and feeling empowered to make them work hard for you (and not the other way round!).---Please help us share the good word (and make Kiwis richer and smarter with money) - the more we grow, the more good we can do %) Don't forget to follow, subscribe and rate the podcast if you found it useful!Find us: InstagramFacebookLinkedInDisclaimer: This podcast contains personal opinions and is intended to provide educational information only. It doesn't relate to your particular financial situation or goals and is not financial advice or recommendations. Simplicity New Zealand Limited is the issuer of the Simplicity KiwiSaver scheme and investment funds. For product disclosure statements please visit Simplicity's website simplicity. kiwi.

In this episode of Money Made Simple, Liv is joined by founder and managing director of Simplicity Sam Stubbs to explain exactly how Simplicity Living (the build-to-rent company which Simplicity funds own) works. Sam, who is also on the board of Simplicity Living, provides a useful overview of exactly how the investments work, and importantly why he thinks this type of investment will be SO good for our members in terms of long-term returns.This episode covers:How Sam came to start Simplicity (as well as Simplicity Living and the other investments that make us unique)A brief, behind-the-scenes simple explainer on how Simplicity funds invest in Simplicity LivingHow Simplicity Living makes profits and how these flow through to Simplicity members Sam's view on the competitive advantages that these investments bringIf, why and how we've moved away from 100% "passive investing" - and our plans for the future around thisThe ambitions around Simplicity Living and the impact it could have for the NZ housing marketOur aim for this episode is to arm you with a much better understanding of the nuts and bolts around how and why we've decided to invest via Simplicity Living. We hope that by listening, you'll get a good idea of the impacts on you as a member  - and the social good that we're trying to achieve as a secondary objective!---Please help us share the good word (and make Kiwis richer and smarter with money) - the more we grow, the more good we can do %) Don't forget to follow, subscribe and rate the podcast if you found it useful!Find us: InstagramFacebookLinkedInDisclaimer: This podcast contains personal opinions and is intended to provide educational information only. It doesn't relate to your particular financial situation or goals and is not financial advice or recommendations. Simplicity New Zealand Limited is the issuer of the Simplicity KiwiSaver scheme and investment funds. For product disclosure statements please visit Simplicity's website simplicity. kiwi.

In this episode of Money Made Simple, Jennie and Liv explain how compounding returns (including compound interest) work, and why compounding is such an important financial concept to understand. So magical, in fact, that Albert Einstein called it the "eighth wonder of the world". Go figure!This episode covers:A simple explanation of how compounding returns workAn example of how compounding can work in terms of interest on your bank balance vs investment returnsHow compounding can work against you, via interest on debtWhy time in the market (aka get saving, earlier!) is such a good way to take advantage of compounding returnsResources we mention in this episode:- sorted.org.nz- simplicity.kiwi- moneyhub.co.nzWe hope you can walk (or dance) away from this episode with the knowledge and confidence to get compounding returns working for you, and minimise the impacts of compounding debt that work against you. ---Please help us share the good word (and make Kiwis richer and smarter with money) - the more we grow, the more good we can do %) Don't forget to follow, subscribe and rate the podcast if you found it useful!Find us: InstagramFacebookLinkedInDisclaimer: This podcast contains personal opinions and is intended to provide educational information only. It doesn't relate to your particular financial situation or goals and is not financial advice or recommendations. Simplicity New Zealand Limited is the issuer of the Simplicity KiwiSaver scheme and investment funds. For product disclosure statements please visit Simplicity's website simplicity. kiwi.