Hello! In today's episode we are answering the question of...

HOW DO YOU PLANS FOR AND THEN PAY A LARGE SHORT TERM EXPENSE?  

In your 20s, 30s and beyond it sometimes feels like you're in the height of adulting that comes with pretty lumpy costs - things like moving overseas, buying a car, looking after your health, getting pets, weddings, honeymoons....the list goes on!

Layered on top of this is often an element of time pressure - whether it's something of our own doing or one that society puts on us.

So today we'll be talking about how you not only plan and save for these expenses, but how you can prioritise and re-frame what's important so you can make it happen.

In this episode we cover: 

• The largest amount of cash we've ever spent on a personal expense!
• How we saved for those items...and in some cases didn't - eeek!
• What a sinking fund is and why it's the best way to save 
• Delayed gratification and how to prioritise 
• Learning to love what you spend money on and not being deterred by the views of others
• Spending money in line with your values 
• What to do when debt seems like the only way....after all, we are only human.

If you're keen to check out more  head to https://itsnosecret.co.nz/8

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Disclaimer:
Investing involves risk including the possible loss of principal and there is no assurance that the investment will provide positive performance over any period of time.

The information provided should not be relied upon as investment advice or recommendations and should not be considered specific legal, investment or tax advice.

Any information we provide is general only and current at the time of writing.

Kernel Wealth Limited is the manager and issuer of the Kernel KiwiSaver Plan and Kernel Funds scheme. The Product Disclosure Statements are available at www.kernelwealth.co.nz