Upgrades to Avalon’s Blog done :)
Filed under: The Book and Website, The Family Sponsorship Saga
Hubby has reminded me just how much he loathes coding – and was only calmed down my copious amounts of Tea, Chocolate and Top Gear yesterday while he battled to do the things I wanted him to do to the blog.
Mostly it was a case of de-cluttering and tidying things up. It’s amazing how this thing has evolved, and as it does so, widgets get added, things move, I join more blog directories, and before you know it – theres no room for me to write anything anymore!
The main changes are:
- The Family Sponsorship Saga posts have all moved up to the top menu, so they aren’t taking up room on the side.
- I’ve created one picture of the Book with both Book and E-Book prices on to create more room and we have a smaller Buy Now button.
- Ive moved the Really Useful Immigration Links into the Links page, rather than having them sitting with the BlogRolls.
- Ive tidied up and shorted the list of Categories, to make it easier to find posts.
But the main alteration is that the Amazon Store is now up and running, and can be found on the top Menu. This is something I always wanted to do, because I spend so much of my own time devouring books, and this is a great way to have a list of all the books that helped me on my journey – both to emigrate and to become a budgeting freak. Ill be adding books from time to time, but theres a pretty good starting list there: both books about New Zealand and books about personal finance. And yes, I will get paid if you click through from the Amazon Store page and you buy anything during that session. It takes you through to Amazon, and you will be buying through Amazon, not through me.
I get about 5% on any purchases you make, so please feel free to make use of the store and help me cover the cost of running this website.
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Should you be forced to save?
Filed under: Banks, Cost of living, Economics, Property & General Investing, Retirement, Pensions and Kiwisaver
Forced savings – in the form of compulsory superannuation (or – shudders – compulsory Kiwisaver) is back on the agenda in new Zealand. Because apparently, not enough of us are doing as we are told and opening up Kiwisaver accounts. So we need to be made to do it.
This comes out of the Tax Working Group, now we have to pay some more academics to sit around and tell us how we need to save for retirement and how we need to do it. I hope they get different people from the ones that just beat the living crap out of any Kiwi that was using Property to try and fund their retirement. Apparently that doesn’t count as retirement planning, cos it’s not shares or managed funds.
So when they talk about “Forced Savings” just be aware that what they really mean is “Forced Stock Market Investments”.
I’m not impressed – if you couldn’t tell.
I personally believe that forcing people in a low wage economy like this to give up at least 2% of their after tax salary is just not on. The “theory” is that if we all do this – then it will cause investment in businesses (through the sale of shares) to increase, and those businesses will then be able to pay the staff more.
Anyone actually think your wages are gonna go up?
Because heres the thing (speaking as a complete non-economist here of course):
Buying shares on the stock market does not actually put money into the business. It puts money into the pocket of the guy selling those shares. If that just happens to be the company floating shares – then yeah – you just invested money in that company. Otherwise, some guy on the street sold some shares and you bought them.
BTW, we recently found out that if you work for one of the banks, which just happens to be a “Default Provider” of Kiwisaver (where you money sits if you don’t bother to actively choose a fund), they take their “Employer contributions” out of you salary. So basically, they don’t actually contribute to their own staff’s Kiwisaver fund.
Why is this not illegal, and why is it still being allowed? And how the hell does such a company get to run a default fund???
So regretfully – still not a fan of Kiwisaver, and would still like the government to keep its grubby little paws of my money thank you very much!
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Grabbed One.
Filed under: Avalon's Money Thread, Cost of living, General Budgeting
Theres a new (ish if you are in Auckland) money saving website thats come to New Zealand, and so far – looks good. Its called Grab One, and I found it via Facebook (fount of all things time wasting) via some friends.
So what’s the deal?
Well, you sign up to Grab One, and then when they have a deal – you can choose to accept the deal if its something you like the look of. Now usually, theres going to be a minimum number of people required to sign up for the deal before it becomes “live”, but if you are one of those first people, you will need to give credit card details, and if the deal goes live, you will have bought the deal. After that, if there are still some places left on the deal, you can buy or not as suits you.
Is it worth it?
Well, today was the first day that Grab One had a deal in Wellington, so its the first time i got to try it out.
As we are intending to go to the cinema at least every other week, and as the Embassy Cinema is 5 minutes (slow) walk away – I though this was well worth a try. I mean $3 for a cinema ticket??? Even on Cheap Tuesdays its $10! The downside is that you can only buy one deal per person, but this did allow me to buy a second ticket as a gift – which I thought I had better send to hubby. So that’s 2 tickets to the Embassy for $6, saving us at least $14.
Now there are some conditions: you can’t use it Friday or Saturday evenings, you cant get Platinum seats at the embassy ( those are the bigger leather couch like seats) and you cant use them for deluxe seats at the Lower Hut Cinema (which have reclining backs). But all those conditions were clearly laid out – in normal sized print, and were really easy to understand – so top marks for not trying to hide anything.
So I guess if you can get money off something you were going to buy anyway – this looks absolutely brilliant. But as with all “money saving deals” it only actually saves you money of you were going to buy it anyway. If you start buying things just because they are on offer – then its actually not saving you money – its making you spend it.
How do you find out about the deals?
There are two ways: sign up for email alerts when there’s a deal in your area, or join the Facebook group and get the alerts as posts on your Facebook newsfeed.
This is currently running in Auckland, Wellington, Christchurch and Waikato Region, and looks like they are expanding across New Zealand.
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How Evony isn’t “free forever” – not by a long shot.
You have probably seen the adverts all over the Internet. The “Free” bit caught my budgeting eye when i needed a new game to play. Ive always played computer games – ever since we have had computers. Which in our house means basically as long as computers have been around. My first experience of a computer game was Colossal Caves – the first Adventure Game.
YOU ARE STANDING AT THE END OF A ROAD BEFORE A SMALL BRICK BUILDING.
AROUND YOU IS A FOREST. A SMALL STREAM FLOWS OUT OF THE BUILDING AND
DOWN A GULLY.
I was about 6.
Then about 19 months ago – when I had those sleepless nights dealing with stupid Immigration idiots in London, I started playing Mafia Wars on Facebook. It was quite stress relieving to take out “hits” on rival mafia, rip off the system, and generally have a blast killing things. It would only have been better if one of the jobs was “Take out the entire New Zealand Immigration Department”. But ho hum. I stopped playing that eventually, because all the “upgrades” made it unplayable. But it was free, it was entertaining and it helped.
I then moved on to Farmville. I didn’t last long on that to be honest. Sowing crops really isn’t what you need when you are dealing with Bureaucrats and blithering idiots. You need something a bit more “bloody” i think. I tried Treasure Mania, which again was free, but in the end i just got bored of it. And that was when I decided to give Evony a go.
It’s not exactly Farmville. For a start, while on FB games you do have “Allies”, in Evony you actually play the game in real time with other people. You talk to each other, you join alliances, you fight together against other alliances, and generally have a blast. And spend most of your life doing that as the addictiveness of the game kicks in.
And thats where the whole “free forever” falls down. Like all FB games you can play for free, but clearly you will get further faster if you spend money to buy “In Game Coins” to spend on items which make you stronger, help you build faster, or help you fight. Where it becomes more important in Evony is that you can basically be beaten to a pulp by other players if they are stronger than you. If you want to be one of the strongest players – you need to play a LOT in order to be able to build up without spending money.
So how do they suck you in?
Impressively I have to say. Heres me: always price checking, looking for a bargain, won’t pay more for something than I think it’s worth – and I’m whipping out the credit card – even when its close to its limit. Give Evony credit – they know how to make you spend! It starts off with a good catch – the 250 cents for $5 offer, which even gets you a Quest and Prestige points for buying it. Spend $5 (US$ so be aware – thats about $7.50 NZD) and you get 50 game coins, plus a bonus pack of items for the game worth 200 game coins. Fiendishly simple. So we did that, and then you get a buzz from being able to actually get more items to play with.
Then you get into a huge war with someone and need to move your cities – but don’t have the items to do that with – Give up and be slaughtered, or buy some coins???? Or you run out of Speed-ups to build your cities faster and just cant bear to wait 96 hours to build your Town Hall up to level 10. So you decide to buy some coins. You can’t use the pack – you need 90 coins to get an Advanced Teleport, and besides, you can only buy the special offer once. So now you have to spend $30 UD$ which is the lowest multiple you can spend. Thats about $45 NZD. And when you do that – you also send all your allies a “Free Evony Chest” which they can open with a key. How do they get the key? They have to spend $30 to get it in the “bonus pack” that comes with the 300 game coins.
You’re a gonna at this point.
How much exactly did this cost us?
Can I get the “in our defense” bit in first? We started playing just after this last Christmas, and came off the game yesterday, so this is about 7 months of gaming. And for just over the last 4 months, I was Vice Host of the ANZACS alliance on one of the servers. (Every server seems to have an ANZACS alliance fighting for Kiwi and Aussie Pride – and we really don’t give up!) Some days it was like having a full time job, and I felt an enormous responsibility towards the other guys in the alliance. Hubby also played, and we both spent a lot of our “free time” on running the game, and didn’t get as much chance to run our own cities – so game coins helped.
In total we spent $881 NZD.
That’s a helluva lot for a game that was supposed to be free.
Was it worth it?
Mostly yes. Oddly enough – it’s not the monetary cost of the game that made me give it up – it was the cost to my health and sanity having to deal with the odd exceptionally unpleasant player in the game. While $881 sounds a lot of money, that works out at about half our Sanity Allowance that was available over that time. That’s where the Budget comes from for games and entertainment. I imagine if I was brave enough to work out an hourly rate, given the late nights and early mornings I was on there, particularly in the last 2 weeks, it would be a scarily small amount per hour of gameplay.
I started playing to help deal with stress. When the game became the stress, and there was no way of stopping people being morons and crapping all over me – it was time to leave. I don’t begrudge the money – it was fun while it lasted, but when there are arseholes who prevent the game being fun, then I’m not going to waste my money on it anymore.
Do I recommend the game.
Yes and no. As long as you know what your are getting into, and can afford it – no problems. But please don’t play expecting not to spend any money. I did know people who haven’t spent money on the game, but it’s rare. By the time I left, I had over 250 “Evony Chests” waiting to be opened. Which means, above the ones I’d already opened with a key I bought, my alliance had spent $7500 USD on the game. And while we made it nearly to the top of the Alliances, before the constant wingeing of a few players started to break us apart, I’m imagining some alliances spent more than that.
It’s a great game. This is a new version of the game, and relies a lot more on being smart and intelligent rather than brute force and ignorance- something a lot of players just haven’t grasped. So if you are more than a “brute force and ignorance” kind of wargamer – it’s worth a look.
I just wish I had managed to get my prestige to 3,000,000. I was 7000 off that, but in the end the abuse from the few people who have no concept of decent behavior was intolerable. It’s a shame, they are ruining a magnificent Alliance, and a magnificent game. Tossers.
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Me and the MX5: The Finale
Filed under: Cost of living, General Budgeting, Life in New Zealand
Well, let’s just say at this point that Motors: Mazda: MX5 has been listed as a favorite on my Trade Me account as long as I have had a Trade Me account. This is basically becuase when I first started getting into Property Investing, I happened to pass by the Mazda garage in Wellington (as you do – honestly its on the route to Moore Wilsons). And I thought I would pop in to look at what they had in the showroom – so that I could build a “Vision Board” of where I wanted the investing to take us.
And lo: they had this really swanky new Dark Purple (so dark its almost black), shiny MX5 that was just screaming at me to buy it.
I was in Wuv.
Slight sticking point – it was $50,000.
And it was brand new – which means as soon as you drive it out the dealership its worth a lot less than you paid for it. Not great odds for anyone planning on making squillions in the property game. Besides – didn’t have $50,000 sitting around burning a hole in my pocket. But dammit – thats the car I wanted, so it went on the dream board, and I have been keeping an eye out on Trade me for 2nd hand ones. One came up a while back, but still with a price tag of $35,000 which is still too much for me.
Ho Hum. Of course now that I need to buy a new car, the swanky purple one isn’t available – at any price, but I have been watching and planning. I was hoping to be able to spend about $20,000 but in the end the pennies just weren’t there. So I decided to buy a cheaper version – and I can always spray it when I have some more money.
2nd hand MX5′s can be had for between $3,000 and $45,000 – so I thought I’d better be at the lower end. I test drove a few in the 8-10k range, but in the end decided I wanted an Automatic. Basically because most cars over here are automatics, all ours were, and I’ve just got used to them. Besides – my original 2 MX5′s were as well.
On Friday last week, I called a guy in Levin who was selling an 1999 MX5, automatic, British racing green (no pop up headlights). Asking price $7995. A quick price check said that was very reasonable – I looked at one a year older for $11K, and one a year younger at $14k. We drove over to take it for a spin, and I loved it! It was in good nick (needs a good clean inside), but the roof is sound, it drove well and everything worked. Experience says theres not likely to be a huge amount that needs fixing – they are not cars that are run by complicated computers so they tend not to be expensive to fix. And the big expense which was a new Cam Belt had already been done and there was a service bill to show it.
All it took was a call to the bank manager, who had been warned this might be coming, and she put the payment through straight away. The guy was comfortable enough from talking to me to let me take the car straight away, and within 10 minutes I finally had my long sought after dream: an MX5.
We then drove a little north to Foxton Beach, grabbed fish and chips from Mr Grumpy’s and coffee from the Simply Balmy Cafe and had a late lunch at the beach sitting in my new car with the hood down. I couldn’t stop grinning.
In fact – I still haven’t stopped grinning every time i get in the car.
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Briscoes: You’ll never buy better?
Filed under: Avalon's Money Thread, Cost of living, General Budgeting
It’s a really annoying jingle and an even more annoying tagline – more so becuase it’s highly dishonest. Briscoes is a chain of homeware stores across New Zealand known for its permanent sales (advertised as “get in quick – 2 days sale”).
The thing with Briscoes is that from what I have seen – the sale price actually brings it in line with the retail price in most stores. We found this when I bought a coffee machine. They had it “on sale” for $499 down from a supposed RRP of $899. Except when i was doing my price checks, I couldnt find any other store that sold it for for more than $499. We ended up buying it at Moore Wilsons.
We have done the same price checks today, and out of 10 separate items, only one of them came out cheaper at Briscoes – a Tefal frying pan which would normally have been the same price as in Moore Wilsons, but had 40% off in Brisoces, and this time Briscoes weren’t exaggerating the price before discounting.
Just be aware of this kind of thing. I have found time and again that “sales” “bulk buys” and “special prices” of all descriptions are a con over here. Why the commerce commission allows it I have no idea – but it really will pay you to check your prices before buying.
Today we saved about $50 on three items where there was a cost difference, and will save another $150 on a few items that I know are cheaper in Wellington stores. Its a start.
Unfortunately I cant actually spend that on coffee!
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Arghhh – having to pay interest on the credit card!
Filed under: Avalon's Money Thread, Cost of living, Interest Rates, Credit Cards & Mortgages in NZ
Well, for the first time in five and half years – I cannot pay off the whole balance on our credit cards, and we will be paying interest.
This is quite depressing.
I guess I should be happy that its only likely to be a few months where we have to pay, and that we have been able to organise our finances so well for so long that we haven’t had to do this thus far while we have lived in New Zealand. But still – its damned annoying.
Especially since the interest rate is a whopping 19.95%
So – from here on in – hard nosed budgeting and spending restrictions to get us back on track as fast as possible.
Why has this happened?
Some really big bills I’m afraid. Despite the emergency fund, which I still have some left of, we have had some really big expenses come through and no income. The emergency fund is coving our living expenses and top ups on the rentals, but it cant cover:
- Some large medical bills.
- Set up costs for Hubby’s contracting business.
- Legal fees
- Buying furniture for an apartment in the city. (and yes – even though we have 2 houses worth of furniture – it still turns out we need a few things – that was a depressing moment!)
Hubby has income coming in now, but almost all of it is paying the setup costs: new computer, travel, phones, internet bills, city pad – it all adds up.
And at least this time I actually know what I’m doing. I know how to work through the budgets, I know how to cut costs, and I know how to stick to the harder decisions. One thing I am sure of – that debt is not going to be there long. Ill be paying money into it as soon and as often as I can.
I’m just not sure how to cut my coffee budget
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Taking IBM to Employment Court
We’ve written previously about IBM redundancies and how they completely ignored what should be done in NZ.
‘cos it’s just business.
And also about how they refused to attend mediation
Since they’re a really big company and they were just doing business.
After a lot of dragging of feet on IBM’s part, and refusal to acknowledge anything was up
It’s all just business don’t I know?
We’re off to the Mediation (finally) this week.
You see, the ERA (Employment relations Authority) has the power to force parties to attend mediation. While this can’t of course ensure that a mutually satisfactory agreement is reached, it’s the first step in formal court proceedings. If we can’t agree on anything, then it’s off to court we go and everything suddenly becomes a matter of public record.
My job can sometimes be a little strange. Investigating what has happened to the IT systems of a company, spending weeks justifying why we need to invest some small amount of money on something to stop some people doing something we don’t want them too. [sorry for the very non-specifics, just best I don't use an example]
Until you find the right person in the organisation, whose job it is is to keep the Minister/General Manager/CEO ‘s name off the front page of the DomPost for anything other than good reasons.
This is often the acid test. Will what I’m doing keep the organisation off the radar of a bored journalist with nothing other than sifting through boxes of credit card receipts to occupy their time? [although I applaud the UK & NZ newspapers that have kept at this particular story, irrespective of debates about the journalists motivations. They are holding our elected representatives to account when those representatives seemed to feel they were beyond account. And after all, it's just business for the newspapers.]
And so with IBM, the mediation isn’t about right or wrong, it’s an acid test.
We have a strong case. Plus a very good lawyer, who spends a lot of time arguing for the Employer’s side so he knows what it’ll look like from the other end.
It’s the first major step in holding IBM to account for how it’s messed about with people’s lives.
Apparently dealing with the occasional employment relations matter is just a cost of doing business for IBM NZ.
As a current customer, a former employee, an existing shareholder – I personally believe there is a better way of doing business. I’m a bit funny like that sometimes.
[Added by Avalon: The budgeting has come in handy - we have managed OK this far on our savings. But although Hubby has plenty of work, there are long delays in getting paid for it, on top of having expenses in setting up a new consulting business. This is not an easy process to go through, and i personally have nothing but contempt for IBM in refusing twice to go to mediation, costing us lawyers fees and making the stress a whole lot worse. They are acting like bullies - which is par for the course in the NZ / Aus company. They have tried to force us to back down, and we have refused to be bullied. I hope one day theres a new management in New Zealand who actually run the company properly, not based on their silly personal insecurities over staff who get paid more than them.
If we settle on Wednesday, it is unlikely that we will be able to tell you how much for im afraid, but we should be able to tell you whether we settled or will be going to court. Court will cost us a fair bit of money, and theres no guarantee we would win, even with a strong case. But we will do that if IBM continue ride roughshod over us and the law. There have been a few recent cases in the papers with similar issues to Hubby's that won, so we have case law behind us.]
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And interest rates went up.
Filed under: Banks, General Budgeting, Interest Rates, Credit Cards & Mortgages in NZ
Mr Bollard did as he was told by almost everyone that he would do and put the base rate in New Zealand up to 2.75%
I wait with baited breath to see what the banks do and how much is going to cost us all. Honestly – I do!
I thought it was worth sharing some gems from the article on stuff though – because its the kind of thing that is said so often, makes no sense, and doesn’t get challenged:
“With the domestic recovery on track, we expect the RBNZ will continue to hike the OCR steadily in 25 basis point moves at each meeting, barring a substantial deterioration in New Zealand funding costs as a result of the European soverign (sic) debt crisis.”
Um Ok, my mortgage has to go up becuase of something of that happened in Greece? I don’t live in Greece – I live in New Zealand! What next – a butterfly flaps its wings in Mexico and Im declared bankrupt???
Cameron Bagrie, chief economist at ANZ New Zealand, also expects the OCR to hit 5 percent over time.
I predict that one day I will die. I wonder if I can find someone to pay me to state the blindingly obvious. Rates go up, rates go down. At some point it will hit any number of numbers. Pick one – you too can be an economist!
“Along with ongoing growth in Australia and recovery in the United States, this has so far offset weak growth in some other export markets. Against this backdrop, New Zealand’s export commodity prices have increased sharply over the past few months, boosting export incomes.”
Sorry – even I cant turn that into plain English!
But basically – the banks will probably increase the amount of money they now want off you – cos NZ money just got more expensive. The reason they didn’t drop the rates when the OCR dropped was because Overseas money was too expensive. Either way – we get screwed.
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Why exactly should interest rates in New Zealand go up?
Filed under: Banks, Cost of living, Economics, Interest Rates, Credit Cards & Mortgages in NZ
The reserve bank meets tomorrow to tell us all whether our interest rates are going up. I’m not really sure why they need to bother because as usual the papers and so called “experts” have already told us they will be going up.
But why?
Well basically Reading through an awful lot of very boring guff, it’s because things are getting better financially for New Zealand. And what better way to celebrate than for some arse to tell us our mortgages have to get more expensive. I mean- it wouldn’t do for us to go out and try and spend some of the extra money we all apparently have burning a hole in our pockets!
I know life isn’t meant to be fair, but come on Mr Bollard. This year we are already getting an increase in GST, and due to the new emissions trading scheme the power companies are going to increase our power bills and petrol is going to have more tax on it, even Air New Zealand is upping the cost of flights to cover it. And it’s not as if the banks are charging fair mortgage rates in line with the the reserve bank anyway. The bank fixed rates are the same as when the OCR was twice what it is now. And yet it almost worth betting real money that an increase on Thursday will be a perfect excuse for the banks to charge even more.
I just don’t get it.
They giveth with one hand and they nick it straight back with the other!
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