A new year gives you the perfect opportunity to start fresh and form habits that can improve your overall wellbeing. Achieving financial wellbeing is more than just managing your day-to-day finances to get by. It is about building resilience, setting and reaching long-term money goals, and enjoying the freedom that comes with added financial security.
The path to this security is shaped more by consistent financial behaviours than by income alone. Building on this principle, Discovery Bank has identified six key behaviours that, when adopted, promote lasting financial wellbeing.
The six behaviours that secure financial wellbeing include spending less than you earn, having sufficient savings or emergency funds, paying off property, investing for the long term, having essential insurance, and planning your finances.
