What Would You Change About Your Money Education And Other Money Questions
Have you seen the money related conversation starter cards circulating in the social media lately?
It is the Financial Service Council NZ teaming up with Hatch investment platform who brings us these downloadable cards that each have a money related question to answer.
I thought I’d do a post series of personally answering a few of these questions in each post and inviting you to share your own answer to the same question in the comments! You can download your own set here.
How do you feel about investing in shares?
The thought of investing in shares makes me feel really excited!
I love watching my portfolio grow, and when it is dropping (like now) I look at it as an opportunity to buy shares under market price. Although I currently don’t have much spare money so seeing the market on negatives makes me feel like I’m missing out!
But, I imagine there will come a time again where I have more spare money and the markets are down!
I can’t wait to see how my portfolio develops and grows, and what it will be able to do for me and my family in the future.
This being said, I do feel overwhelmed by all the choice and options sometimes and need to really hone into my investment strategy. Currently it is just all over the show if I’m being honest!
What would you change about your money education?
Everything haha.
First of all I’d like to have some actual money education younger. I don’t think I had any at all.
If you don’t count being taught the value of different notes and coins and how to pay for things etc. But no one ever told me about shares, bonds, property investing or anything like that.
Although, a fun fact, I did live through a complete currency change! I learned to count money with the Finnish marks. Then 1.1.2002 they brought out euros, and we all had to re-learn the value of things.
The difference between the currencies was pretty big, 100 marks was about 25 euros.
I remember buying my first book with my own money, it was Harry Potter and The Chamber of Secrets. I bought it while the currency change was happening and they already had prices on both currencies. I paid 100 marks, but the price tag also said 25 euros.
Anyway, that was a tiny bit off topic!
Like I said, I didn’t really receive any money education, but really wish I had!
That is my reason behind this website, to share the financial knowledge I wish I had a lot younger!
What’s the best thing about KiwiSaver for someone in your situation?
The best thing about KiwiSaver for me right now is the fact that it is investing for my retirement without me having to actively think about it.
Being young it is great to have that going in the background, because then you have a head start to retirement savings down the line when it becomes a higher priority.
Previously the best part was that I was able to use the money towards our house deposit, and it wasn’t just my money, it was government and employer contributions as well.
Those extra contributions are awesome when considering retirement savings as well by the way!
KiwiSaver is such a great initiative, I’m so glad I’m able to be a part of it now, and wish I could have been sooner!
You can find my other money questions and answers here.
I’d love to hear your answers to these questions in the comments below!
