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Tell us a little about yourself
I am semi-retired with 3 children (one at school and two at University) earning some income from shares.
What was your first job? What did you learn financially?
First job was working in a news agency whilst at school. I learnt that regular income allows you to save – as even small amounts can add up over time.
Tell us what you love about your work
Being semi retired allows me to engage in family activities.
Tell us your best saving money tip
Encourage your children to get a part time job. Then setup more than one account for them so that they can have a regular account to deposit the pay in and one for savings. The other account should have an automatic transfer. Use the regular account to transfer savings and also add their pocket money as well so that they (your kids) can see that over time the money builds up.
Allow school age kids to access the savings account each school holiday as a reward. This shows them that they can enjoy the effort but still continue to save for the next holidays thus establishing a habit of saving which they will need as adults.
Spending money or saving money?
I enjoy spending but always ensure that I can cover my expenses at the end of each month.
If you had $50,000 in cash given to you. What would you do with it?
Wow, that is a lot of money! I would have a family holiday… just great!
