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.