Kiwi Saver, Mary Holm financial writer and columnist

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  from Mary Holm, New Zealand's most widely read investment writer

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Read Mary's current Herald column on-line now, listen to recent radio broadcasts, or search the archives for previous subjects in her Herald and syndicated columns or broadcasts.


Credit Cards

The following is a selection of articles and radio broadcasts mainly from January 2005 to the present. To explore this topic in more depth and access earlier columns, please use the search box.

Articles

RNZ Radio 27 April 2017

Investment risks - Part 1

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NZ Herald 1 April 2017

Q&As: University probably the best route to a new start for woman
- Credit cards not linked to mortgages
- Clearing up info on Residential Care Subsidy and gifting
- Do small gifts count when apply for that subsidy?

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NZ Herald 25 March 2017

Q&As: A good reason to have a high credit card limit
- One reader fires his bank ...
- ... While another is fiercely loyal
- Why I prefer managed funds over shares for most
- Rules about income for recipients of rest home subsidy

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NZ Herald 18 March 2017

Q&As: Trusts may no longer enable well off elderly to get subsidy
- Possible trap for parents giving money to adult children
- What KiwiSaver rules would change when under National plan
- Partial KiwiSaver tax credit in year you turn 65 - or 18
- Good reasons for using a credit card

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NZ Herald 11 March 2017

Q&As: Mum objects to teenager being offered credit card
- Newish Code places more responsibility on lenders
- Another reader has trouble extending credit card limit
- Help for people struggling to pay rates

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NZ Herald 4 March 2017

Q&As: Reader has same credit card trouble as last week's correspondent ...
- ... And last week's correspondent finds the remedy doesn't work
- Another reader has a suggestion on credit card limits
- And yet another one says 'Fire your bank'
- Thousands paying too much tax in KiwiSaver
- Know your rights when dealing with financial service providers

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NZ Herald 25 February 2017

Q&As: Questions to ask before parents lend mortgage money to their children
- Determined couple pay down big mortgage fast
- Bank's reluctance to extend credit card limit is surprising
- Tax adviser thinks tax should have been mentioned last week

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RNZ Radio 23 June 2016

Spending too little, spending too much

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NZ Herald 11 June 2016

Q&As: Adding to already huge mortgages is playing with fire
- It's not interest rates but mortgage size that matters
- Lack of family communication leads to big debt ...
- ... so do pushy credit card providers

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NZ Herald 28 May 2016

Q&As: 'Ripped off' reader should shop around rather than dropping life insurance
- How to judge a KiwiSaver fund
- Start small, and keep going
- Help for woman with $100,000 in credit card debt

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NZ Herald 19 September 2015

Q&As: Trying to time markets is a fool's game ...
- ... And picking a few shares to invest in isn't much better
- Where to buy shares, and a better suggestion for teen
- How come there are two monthly bills on one credit card bill?

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NZ Herald 22 August 2015

Q&As: Banks give teenagers credit too easily
- Credit union offers lower-interest deal to credit card borrowers
- Retiree "invests in people"
- 55-year-old spending while she's able
- Financial adviser struggles with how others do it

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NZ Herald 15 August 2015

Q&As: 70-year-olds should skip buying unit and spend their savings
- How to set up a regular income from bank term deposits
- One reader applauds my being tough on those with big credit card debt ...
- ... While another is incensed by it

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NZ Herald 8 August 2015

Q&As: Banks shouldn't favour new customers, but reader shouldn't have big credit card debt
- Gold doing OK in NZ dollars, but that's not the point
- Why advisers tend to favour low-risk investments and why they shouldn't
- Banks have a wide range of financial advisers

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NZ Herald 7 June 2014

Q&As: Priorities for a family making a KiwiSaver financial hardship withdrawal
- Use savings to pay off mortgage
- Is KiwiSaver really tax-exempt?
- How to calculate KiwiSaver tax credit for the year in which you turn 65
- Older KiwiSaver goes for riskier funds
- Is there age discrimination in KiwiSaver?

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NZ Herald 19 October 2013

Q&As: Is there life after bankruptcy?
- Tax on KiwiSaver not as bad as portrayed
- Pay highest interest mortgages and other loans first
- One reader dislikes my comment on grammar, but three support it

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Syndicated column 16 February 2013 - Financial misbehaviour disappointing

Ironically, a survey on New Zealanders' financial behaviour was released just days before Christmas - a time of much financial misbehaviour, when everyone's saying, "I don't care what it costs, I've just got to buy something for Uncle Fred."

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NZ Herald 13 October 2012

Q&As: Make credit card repayment your top priority
- Why KiwiSaver tax credit is not as good as some people think
- Revolving credit mortgage could help some unhappy ANZ customers
- Reader bombs out on gold, silver, dollar forecasts

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NZ Herald 14 July 2012

Q&As: Use accessible KiwiSaver money to repay credit card debt, and probably mortgage too
- What exactly does growth in GDP mean?
- 3 readers are unhappy with charities asking for more ...
- And a fourth points out how complicated it can get
- An error last week about donations to St Johns?
- Reader happy with his healthcare insurance

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Syndicated column 2 June 2012 - Let's educate our way out of 500%+ loans

When I first saw "Annual interest rate 547.50%" on a New Zealand website offering loans, I thought there'd been a mistake. But no. That's the rate for a small, short-term cash loan from www.savemybacon.co.nz.

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Syndicated column 24 March 2012 - How to join the new debt cutting trend

We're all living through three "great transitions", said the keynote speaker at a recent conference. One transition is from West to East - with the growing emphasis on China and India, another is from analog to digital, and the third is from debt to saving. Let's look more at that third transition.

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Syndicated column 28 January 2012 - Take action now to avoid bill blues next January

Ah, summer. Time for beaches, baches, barbecues - and facing probably the year's biggest credit card bills, or even demands for payment from loan sharks.

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Syndicated column 19 November 2011 - Two thoughts about Christmas shopping

Look at any graph of credit card spending over the years and you see a clear pattern - spikes each December as we put Christmas gifts, food and drink and holiday spending on our cards.

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Syndicated column 16 July 2011 - Cries of indignation, shock and fear from Credit Card Land

Three readers coming from three quite different perspectives responded to my last column about repaying credit card debt. One slightly indignant reader always pays his credit card bills in full, another was shocked at what happened when he didn't one month, and the third has run up a $7000 credit card debt.

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Syndicated column 2 July 2011 - Have I got a deal for you?

Pssst, want a fantastic deal? I may be able to get you into an investment with returns of just under 20 per cent a year, every year, after fees and tax. And it's risk-free....

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NZ Herald 11 December 2010

Q&As: Earthquake victim faces an old question: whether to invest spare money or repay a loan
- Reader escapes "an endless loop" of credit card payments after using an internet Q&A service
- A "me too" letter raises questions about a bank's policy on fees

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NZ Herald 20 November 2010

Q&As: Have I been too easy on the banks, or is a reader being too tough?
- Why does it take so long to clear a cheque in this computer age?
- Inland Revenue acknowledges delays in processing student loan bonus payments

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Syndicated column 11 September 2010 - Grab your big chance to painlessly boost your wealth

In the next few weeks, every New Zealand wage or salary earner will get a chance to considerably increase their wealth - painlessly.

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Syndicated column March 6 2007: Digging your way out of the big hole

You're never in debt so deep that you can't get out again. At least one reader of this column will be reassured by this message from Raewyn Fox, chief exec of the Federation of Family Budgeting Services.

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Syndicated column February 3 2007: Help for those in debt

Repaying high-interest debt is sometimes called the best investment. And there's a way to do it that, I suspect, many people don't know about.

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NZ Herald December 16 2006

Q&As: Should man, 64, get student loan for the income, given that he probably won't ever repay it?
Passing shares down the generations has good and bad points.
Why did GPG get an exemption from the new international share tax rules?
Woman makes great progress in one short year.
New charity aims to help children help themselves.

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NZ Herald September 30 2006

This is the final week in which we are running excerpts from Mary Holm's bestselling book, "Get Rich Slow: How to grow your wealth the safe and savvy way." Mary's regular Q&A column will resume next week.

TEACHING THE CHILDREN WELL

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NZ Herald July 15 2006

Q&As: Lessons from the Bible: Is borrowing bad?
Is luck or attitude the secret to wealth?
Sharebrokers shouldn't always be expected to give ongoing advice.

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NZ Herald March 11 2006

Q&As: A landlord's nightmare.
Credit cards v eftpos.
Optimism, pessismism and oil prices.

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NZ Herald March 4 2006

Q&As: Eftpos v credit cards. And bank fees.
The investment outlook is gloomy, so save!
Wealth doesn't make you happy.

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NZ Herald February 25 2006

Q&As: Is compounding interest over-rated?
Credit cards v eftpos.
How long is long-term? Returns on different assets.

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Holm Truths spring 05

Kids, cash and cards: Help your children learn about money

Also in this issue: From the Mailbox - Saving for the children's future

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NZ Herald July 16 2005

Q&As: When to declare share trading profits.
What to do if travel agent charges more for using a credit card.
Different Visa rules in Australia, and how Visa operates.

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NZ Herald June 18 2005

Q&As: When does tax on capital gains apply to share investors?
When can share investors deduct newspapers and investment reports?
Are shops allowed to charge more if you use a Visa card?
The role of luck in house price rises.

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NZ Herald June 11 2005

Q&AS: Paying extra for using a credit card.
Distortions when considering how good an investment your home is.
First home buyers should probably wait.

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Holm Truths summer 03-04

Time is Money: A basic principle that helps you understand investing

Also in this issue: Great Debate - Revolving credit v traditional mortgages

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Holm Truths autumn 02

Burrowing into borrowing: Buying goods and services using credit cards or hire purchase can hurt your wealth

Also in this issue: Great Debate: Credit cards v EFTPOS

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Holm Truths spring 01

Taking on the world: Spread your share investment money across the world

Also in this issue: Great Debate - Investing v repaying your mortgage

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