Is a loan on my home the best way help my kids?

SEP 29, 202613 MIN

Description

Everyone who has kids wants to help them get on in life. One way is to help them buy their first home. But is selling a stake in your home a good way to do this? This week on No Stupid Questions with Susan Edmunds, we're looking at Lifetime Homes, term deposits, petrol prices and why many of us aren’t on track to have enough money in retirement. In this episode, our experts ask questions about: How can selling a stake in your home help your kids buy property? When was the last time bank term deposits gave a return above inflation? How can the same petrol company get away with charging different prices at different stations that might only be minutes apart?? How much profit do the oil companies behind petrol stations make? And do their margins change much as prices rise and fall? How many of us aren’t on track to have enough in retirement? If you have a money question you'd like Susan to answer, put it in an email or voice memo, then send it to [email protected]. Go to this episode on rnz.co.nz for more details