Cooking The Books

Each week the NZ Herald's Cooking the Books podcast tackles a different money problem. Today, it's where to put any extra money so it's working hardest for you. Hosted by Frances Cook.Covid-19 shocked many of us into paying more attention to our money, with recent research from Sorted showing that more of us are talking about it, and wanting to handle it better. Now, these are weird times, but for those of us who still have a job, there are actually financial opportunities at the moment. Interest rates are very low, which means you could make serious progress on your mortgage and knock years off it. Then again, the sharemarket is down, which means if you invest carefully there's the possibility of making far more money from it in the future. Clearly you guys have been paying attention because heaps of Cooking the Books' listeners have sent me pretty much identical questions; if you have some extra money right now, should you be putting it on the mortgage, or investing? It's a great question, and to be honest,