All tagged PocketSmith

How ETFs Are Taxed in NZ

How ETFs Are Taxed in NZ

Ruth
ETFs, Index Funds, InvestNow, Sharesies, Smart, Smart Invest, Tax, PocketSmith, Hnry

Let’s talk about how Exchange Traded Funds (ETFs) are taxed in New Zealand. Exciting stuff. Creating this blog post gave my brain quite the workout, I can assure you! I’ve written specifically about tax a few times over the years, but rules change, companies come and go, and the tax questions keep arriving in my inbox. This post was inspired by Susan, who asked about overseas ETFs, the FIF rules, and even whether you pay tax if your investment makes a loss. Tax is complicated, which is why I keep my investing simple. I want you to read what I’ve written and then research, discover and learn for yourself. If you keep your investing simple, you should not need an accountant or tax professional. When the topic of taxes comes up, I’ve often noticed that people can get themselves quite worked up. But for me, someone who has invested for many years, paying tax on investments has always been relatively straightforward.

Mortgage or Investing? Why Not Both?

Mortgage or Investing? Why Not Both?

Ruth
Debt, ETFs, Index Funds, Investment, Mortgage, PocketSmith, KiwiSaver, FI Series

Andrea asked me this question, “Mortgage vs investments... One or the other, or both?”  With two young kids, a $240,000 mortgage, and an eye on the share market, she’s wondering if delaying investing to get rid of the mortgage is the best move, or if she’s missing out on valuable time in the market. As our KiwiSaver balances grow as a nation, plus people become aware of share market investing as a successful way to make money outside of housing, more people question whether putting additional payments towards their mortgage is the ‘right’ thing to do. Would they become wealthier if they reduced their mortgage payments and invested that money instead? The fear of missing out is real.

My Ever-Evolving List of Trusted Money Tools and Resources

My Ever-Evolving List of Trusted Money Tools and Resources

Ruth
FI Series, Hnry, Money Education, Personal Finance, PocketSmith, Sharesight

I receive daily emails from people asking me for resources and information to help them answer their money questions. I frequently share the same handy tools and resources. Today I wanted to share them all in one place. I firmly believe in sending helpful information your way and letting you explore and learn about it yourself because that way, you absorb it better and apply it directly to your situation. I know that when you educate yourself about your finances, instead of outsourcing the task to someone else, whether that be a financial advisor or a spouse, it puts you in charge, or makes you part of a team.

Everything Broke at Once - Why We’re Financially Hunkering Down

Everything Broke at Once - Why We’re Financially Hunkering Down

Ruth
Budgeting, Emergency Fund, ETFs, Index Funds

There’s been a bit of drama this month—our household needs to reduce its spending. We’ve got a few things going on, and I think we’d be foolish not to mind our dollars right now. As of April 2025, with storm clouds brewing, we’re financially hunkering down. Before you start to think that The Happy Saver has gone into a tailspin because the share market is particularly volatile at the moment, well, that’s not our problem at all. We haven’t reduced the amount we invest each month. While the cost of everything else is rising, at least shares are on sale right now! You’ve got to find the positives.

How We Pay Cash for Every Holiday

How We Pay Cash for Every Holiday

Ruth
Budgeting, PocketSmith, Saving, Wise

In January 2025, we boarded an eight-night South Pacific cruise. Today, I’m sharing our exact costs and how we paid cash for this holiday and every holiday we will take in the future. This blog post is not to convince you to book a cruise but to show you that if you have a holiday in mind that you want to take, I can help you make sure you have the money to pay for it. Travel is expensive, so it's essential to plan well in advance.

How Our Daughter Will Pay Cash for University

How Our Daughter Will Pay Cash for University

Ruth
Kids and Money, Money Education, PocketSmith, Saving, Investment

Our daughter will likely attend University or Polytech in 2026. She still has to complete Year 13 in 2025, but after that, she has some decisions to make as she attempts to answer the dreaded and most commonly asked question, “What do you want to do when you finish school?” Going into further study is not a foregone conclusion, but it is certainly an option. As we spend the next year trying to help her decide what comes next, we will also take the time to help her (and us) financially prepare. She has no firm plans as to what she might do, but money comes in handy, that much I know. We want her to pay to study using cash. I’ve met too many ex-students who regret their student loans. Given we all know this cost is coming, we can save for it. 

PocketSmith Helps Me Manage and Understand Our Money

PocketSmith Helps Me Manage and Understand Our Money

Ruth
Budgeting, PocketSmith, Money Education

Budgeting is particularly at the top of my mind as I’ve been leaning heavily on it since quitting my day job in late October. Given that my regular paycheque is now gone, it is during times of change that I pay closer attention to our pūtea until things settle down. In the lead-up to finishing work, I’d used my budgeting and saving skills to build up various bank accounts, which would act as a cash buffer/backup plan. My hunch was that we would be OK, but it pays to double-check. So I could feel confident about stepping away from a paycheque, PocketSmith, as always, played a massive role in helping me plan.

I quit my job!

I quit my job!

Ruth
ETFs, Hnry, Investment, KiwiSaver, PocketSmith, SmartShares, Smart Invest, Smart, Budgeting, Net Worth

In a recent blog post, I rebalanced our investment portfolio; this time, I’m rebalancing my life. I resigned from my PAYE job. I’m another step closer to early retirement, and I’m VERY excited about it! I always looked forward to working on Wednesday and Thursday each week, and deciding to leave a job I enjoy, plus giving up $20,000 a year, has been challenging. 

Financial Reset: Spending less and earning more for a month!

Financial Reset: Spending less and earning more for a month!

Ruth
PocketSmith, Simplicity, SmartShares, KiwiSaver, Budgeting, ETFs

My latest bright idea was for our whānau of three to spend the month of July earning more money while spending less of it. Call it a Financial Reset. Why? When the general societal vibe is that we are all in a rough state economically, it is easy for an individual to feel powerless. Although optimistic by nature, I’m not immune to this feeling of gloom. But instead of accepting that we are in a financial crisis, I’d prefer to take the bull by the horns and own our situation.

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