Coping with a cash surplus
It’s comforting when someone else tells you what to do with your money.
That’s why mortgages can be such comfortable companions in people’s lives.
But there comes a time in every homeowner’s life when PMT may strike.
That’s ‘‘post mortgage tension’’, a form of stress brought on by suddenly having to make decisions about what to do with the disposable income you suddenly have available.
There’s a similar condition which may strike KiwiSavers when they attain the age 65.
It’s called OCD. That’s ‘‘Options Confusion Dysfunction’’ characterised by similar feelings of panic about where to invest their newly-available funds.
Clearly, neither PMT and OCD are real medical syndromes.
But I think my made-up maladies capture real feelings of stress that can arise when big money choices have to be made.
I’m going to focus on PMT.