How to level up your financial game

Financial freedom comes with awareness and planning. Picture: Stock With the cost of living showing no signs of letting up and economic uncertainty still part of daily life for millions of South Africans, many of us are looking for smarter ways to take control of our money and start the year strong, now that ‘JanuWorry’ is behind us. We just don’t know exactly how to go about it.

Let’s face it, money matters can feel scary and complicated, but the truth is that it doesn’t have to be. “Knowledge is power when it comes to finances, and the aim isn’t always to earn more – it’s often more about managing our money matters better, to make our money work for us – and not the other way around,” saysDebt RescueCEO Neil Roets. It’s about taking intentional, consistent action and making small, smart decisions that can set you up for a year of financial stability and growth.

“Having full awareness of your financial situation is the first step on the path to achieving financial wellbeing and levelling up your financial game,” says Roets, who is a recognised expert in debt legislation and financial restructuring. Here are three powerful tips that he advocates to help you master your finances. Categorise spending into essentials, lifestyle, and financial goals.

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A realistic budget isn’t restrictive — it gives your money direction. When you’re aware of your financial situation, you can set realistic and achievable financial goals. The first step is to prepare a well-structured financial statement that will give you a clear overview of your financial health. Income– List all your sources of income, including your salary (if you are an employee), investments, rental income, and any other sources of money coming in.

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