4 Financial Mistakes to Avoid

Steer clear of these common pitfalls to strengthen your financial foundation:

• Ignoring a budget: Without a spending plan, overspending is inevitable. Create a monthly budget to stay on track.
• Mismanaging debt: Paying only minimums increases interest costs. Focus on high-interest debts first to save money.
• Delaying investments: Keeping savings idle limits growth. Explore safe options like unit trusts or bonds.
• Skipping emergency funds: Unpreparedness for unexpected costs can derail your finances. Aim to save 3-6 months of expenses.