Five tips to get started:
1. Start by tracking your expenses | Understanding where your money goes is the first step towards financial wellness. Use apps or spreadsheets to record and categorise your expenses
2. Create a budget | Set spending limits for different categories and stick to them. Give priority to essential expenses and allocate a portion of your income towards savings and debt repayment
3. Build an emergency fund | Aim to save three- to-six months' worth of living expenses in case of unexpected events (eg, job loss or medical emergencies)
4. Pay off high-interest debt | Prioritise paying off debts with high-interest rates to save money on interest payments and improve your financial standing and credit score/rating
5. Invest in your future | Consider long-term investments like retirement annuities or other investment vehicles that align with your goals. Start early to benefit from compound interest.