Cooking The Books

Each week the NZ Herald and Newstalk ZB's Cooking The Books podcast tackles a different money problem. Today, it's the strategy many people are turning to, to stop emotion hurting their finances. Hosted by Frances Cook.When it comes to watching your finances, your biggest enemy is you.Yes, you need to watch out for the scammers, the charlatans, the get rich quick schemes that will only make you poor, or of course the people who mean well but don’t actually know what they’re doing.But still, you and your emotions are a bigger danger than that lot.We’ve often talked on this show about how you’ll get the biggest rewards for your money if you can stomach some risk, and think over the long term.People tend to nod sagely and agree with that, right up until they’re tested on it. Like the last couple of weeks.Shares have gone rocky, KiwiSaver balances have fallen, and even those in property are grumbling about the possibility of legislation restricting their ability to get the maximum bang for their buck.All of a sud