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13 tips on managing money, from Dr Shane Oliver

The famous forecaster and investment guru shares his wisdom when it comes to managing your finances. 

1. Shop around when it comes to financial services
2. Don’t take on too much debt
3. Allow that interest rates can go up as well as down
4. Allow for rainy days
5. Credit cards are great but they deserve respect
6. Use your mortgage (if you can) for all longer term debt
7. Start saving and investing early
8. Allow that asset prices go up and down
9. Try and see financial events in their longer-term context
10. Know your risk tolerance
11. If you are a Millennial make the most of the Mum and Dad bank if you can
12. Be wary of the crowd
13. There is no free lunch.

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Love this .. I grow my own veggies and fruit, they taste better when in season locally
Jules 56 days ago
Thanks, Sophie -- some good life advice in your article!
Peter Eedy 74 days ago
Hey Sophia, I’m the dad of a 12 year old rugby player, Molly has been playing for 4 years. Great insight into the thought process of a young woman and I’m hoping the benefits she’ll get over time.
Paul Bunker 76 days ago