Quick and easy tips to start the new year financially fit

There are quick and easy ways to save money.

The much-awaited new year has arrived, and many are hoping for financial breakthroughs to build a secure financial future. This presents everyone with a fresh start and an opportunity to correct the financial mistakes made in the previous years.

Ester Ochse, Product Head, FNB Integrated Advice, says, “The first step to building a secure financial future begins with creating a budget that allows us to save money and pay off any debts you have. It’s important to be realistic when creating a budget and to make sure that it is something that can be followed. You should also consider cutting back on non-essential expenses such as eating out regularly or overspending on luxury items. Additionally, you can explore ways to earn extra income, such as side hustles.

Himal , CEO of FNB Retail Cash Investments agrees that instead of being overwhelmed by unnecessary expenses this new year, look at ways or areas where you can save and invest your money. Unplanned expenses can push people to unnecessarily accumulate debt, which should always be the last resort, he says.

Ochse and Parbhoo share quick and easy financial tips to start the year right and build a secure financial future:

  1. Setting up automatic payments for expenses: Setting up automatic payments for bills can help you save money by reducing late fees and penalties. It also ensures that payments are made on time, which can help you maintain a good credit score.
  2. Utilising budgeting tools: Using a budgeting tool, like smart budget available on nav» Money on the FNB App, can help you stay on top of your finances and track your spending. This can help you save money by helping you identify areas where…

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