Helen Baker is interviewed on the AM Show in New Zealand about how to adapt to living off one income, a situation created unexpectedly for some as a result of impacts from COVID-19.
Topics discussed include:
- Understanding ‘fixed’ and ‘choice’ expenses
- Fixed expenses include: rent, mortgage, health insurance, school costs
- Choice expenses include: attending sports, theatre, buying gifts, some groceries, subscriptions
- Have an emergency fund for good and bad times, probably 6 months of income
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Any advice or information on this site is of a general nature only and has not taken into account your personal objectives, financial situation and needs. Because of that, before acting on the advice, you should consider its appropriateness to you, having regard to your personal objectives, financial situation, and needs. Helen Baker is an Authorised Representative (ARN 336378) of BPW Partners Pty Ltd ABN 56 629 898 693, AFSL number 548 754, an Australian Financial Services Licensee, with offices at Level 4, 127 Creek Street, Brisbane QLD 4000.