Creating a Savings Fund
Saving shouldn’t be about preparing for the worst, there are plenty of special events to be saving for too.
Whether you need to save for:
- An Educational Fund for your children or grand-children
- A Special Birthday or Anniversary
- Home Renovations
- A New Car
- A trip of a lifetime to the 2015 Rugby World Cup to follow the All Blacks
- or anything else
LIFE-TIME have the expertise to help you with your savings and investments but you should also put aside Emergency Funds in case you are unable to work.
A recent report by the Financial Services Council found that:
Over the last five years, 1 in 7 households have experienced a serious illness resulting in an ability to work for three months or more, and;
64% of households would be unable to pay the mortgage within four weeks of being unable to work
Over the past decade often people increased their home loan to fund a special occasion, or big event, but since the Global Financial Crisis, many New Zealanders feel their priority is to reduce debt and subsequently pay ‘cash’ for goods and services.
At LIFE-TIME Financial Group we can help you with the best fund for your savings so that you can reach your goals on or ahead of time. Of course, you should have insurances in force for those unplanned events that can be devasting to families without adequate protection against:
- Loss of property
- Loss of a loved-one
- Loss of job due to illness or injury
- Medical Expenses (often considerable if treatment is required and the waiting list is long)
To see where we can help, complete the Individual Financial Health Check or call 09 418 5000.