With economic growth slowing and households being constantly put under increased pressure, the struggle is real.
By dedicating time to reflect on your money habits, like developing a comprehensive budget, establishing an emergency fund, crafting a financial plan, setting achievable goals and initiating investments early on, you lay the groundwork for a secure and stress-free financial future.
Habits v behaviour
Our habits are usually determined by our behaviour. So, to cultivate positive money habits, it is essential for you to be honest about your financial behaviours, both positive and negative. Engaging in open conversations with your loved ones about your spending habits, identifying areas for improvement, and implementing strategies to curb impulsive spending can lead to more informed and conscious financial decision-making.
Set financial goals
Whether the goal is to…