{"id":25326,"date":"2025-03-25T07:52:24","date_gmt":"2025-03-25T08:52:24","guid":{"rendered":"https:\/\/www.premium-partners.net\/?p=25326"},"modified":"2025-03-28T09:34:17","modified_gmt":"2025-03-28T09:34:17","slug":"tips-to-reduce-your-money-stress-and-build-wealth","status":"publish","type":"post","link":"https:\/\/www.premium-partners.net\/fr\/builder\/tips-to-reduce-your-money-stress-and-build-wealth\/","title":{"rendered":"Tips to reduce your money stress and build wealth"},"content":{"rendered":"<p>This <a target='_blank' rel=\"nofollow\" href=\"https:\/\/www.iol.co.za\/personal-finance\/my-money\/tips-to-reduce-your-money-stress-and-build-wealth-424f951d-061d-4609-80dc-6b2d6cddb635\">post<\/a> was originally published on <a target='_blank' rel=\"nofollow\" href=\"https:\/\/www.iol.co.za\/\">this site<\/a><\/p><p><img decoding=\"async\" src=\"https:\/\/image-prod.iol.co.za\/16x9\/800?source=https:\/\/iol-prod.appspot.com\/image\/3ae37651a74e7ccd0e1a8dd2d8bb5fac52080c07\/2000&amp;operation=CROP&amp;offset=0x105&amp;resize=2000x1125\" class=\"type:primaryImage\" \/><\/p>\n<p><span>Millions of South Africans are at their wits\u2019 end. For many, it\u2019s starting to feel like financial freedom is an unattainable dream reserved only for the wealthy. Just when we thought we were handling the cost-of-living crisis, VAT goes up.<\/span><\/p>\n<p><span>What if making small, thoughtful choices today could empower you to take charge of your finances and start living the life of your dreams?<\/span><\/p>\n<p><span>Understanding money isn\u2019t always as simple as it seems. <\/span><\/p>\n<p><span>The latest Momentum\/Unisa Household Financial Wellness Index reveals that only 15% of South African households are financially literate, even though nearly half believe they have a solid grasp on their finances.<\/span><\/p>\n<p><span>According to Esther Devar, financial adviser at Momentum Financial Planning, financial security isn\u2019t just about having money; it\u2019s about living debt-free, building savings, and making choices based on your goals instead of your bank balance.&nbsp;<\/span><\/p>\n<p><span>\u201cThe good news is that achieving it is possible, and it starts with small, deliberate steps today,\u201d says Devar. \u201cI know managing money can feel overwhelming with rising prices and an uncertain economy. But to be financially free, you need to eliminate debt, save for the future, and make smart investments.<\/span><\/p>\n<p><span>\u201cYour investment plan should be aligned with your goals and how much risk you&#8217;re comfortable taking. Whether you\u2019re saving for a house, your child\u2019s education, or retirement, it\u2019s important to start early and stay focused,\u201d Devar says.<\/span><\/p>\n<p><span>Despite the desire for financial freedom, many people struggle with common mistakes that keep them from achieving it. Devar looks at the most common financial mistakes and how you can avoid them:<\/span><\/p>\n<ul>\n<li><span> Not knowing enough about money: Many people don\u2019t take the time to learn about managing their finances. Start by reading, taking courses, or consulting with a financial adviser.<\/span><\/li>\n<li><span> Avoiding financial responsibility: Some prefer to live in the moment rather than plan for the future. Developing financial discipline and long-term thinking will pay off in the end.<\/span><\/li>\n<li><span> Spending on wants, not needs: Prioritising luxuries over clearing debt can hold you back. Focus on paying off debt first.<\/span><\/li>\n<li><span> Not tracking spending: Without a budget, it\u2019s easy to miss payments or waste money. Create a simple budget to keep track of your expenses.<\/span><\/li>\n<li><span> Earning too little: Cutting back on expenses helps, but increasing your income through side gigs or career advancement can speed up your progress.<\/span><\/li>\n<li><span> No financial goals: It\u2019s hard to stay on track without clear goals. Take time to define what financial freedom means for you and create a plan to get there.<\/span><\/li>\n<li><span> Thinking wealth is only for the rich: Anyone can build financial security with the right plan and patience.<\/span><\/li>\n<li><span> Not seeking the right advice: Managing your finances alone can be tricky. That\u2019s where a financial adviser can make all the difference.<\/span><\/li>\n<\/ul>\n<p><span>\u201cA good adviser doesn\u2019t just help you save and invest; they guide you through the tough decisions and help you stay on track. They\u2019re like a coach who can steer you away from costly mistakes and keep you focused on your goals,\u201d Devar says .<\/span><\/p>\n<p><span>In the end, achieving financial freedom and wellness isn\u2019t about luck. \u201cIt\u2019s about making informed choices and sticking with them. Consistency is key. Starting earlier means that you have more time to build capital. The sooner you take charge of your money, the sooner you\u2019ll experience true wealth and peace of mind,\u201d Devar says.&nbsp;&nbsp;<\/span><\/p>\n<p><strong>PERSONAL FINANCE<\/strong><\/p>","protected":false},"excerpt":{"rendered":"<p>Millions of South Africans are at their wits\u2019 end. For many, it\u2019s starting to feel like financial freedom is an unattainable dream reserved only for the wealthy. Just when we thought we were handling the cost-of-living crisis, VAT goes up.What if making small, thoughtful choices today could empower you to take charge of your finances and start living the life of your dreams?Understanding money isn\u2019t always as simple as it seems. The latest Momentum\/Unisa Household Financial Wellness Index reveals that only 15% of South African households are financially literate, even though nearly half believe they have a solid grasp on their finances.According to Esther Devar, financial adviser at Momentum Financial Planning, financial security isn\u2019t just about having money; it\u2019s about living debt-free, building savings, and making choices based on your goals instead of your bank balance.\u00a0\u201cThe good news is that achieving it is possible, and it starts with small, deliberate steps today,\u201d says Devar. \u201cI know managing money can feel overwhelming with rising prices and an uncertain economy. But to be financially free, you need to eliminate debt, save for the future, and make smart investments.\u201cYour investment plan should be aligned with your goals and how much risk you&#8217;re comfortable taking. Whether you\u2019re saving for a house, your child\u2019s education, or retirement, it\u2019s important to start early and stay focused,\u201d Devar says.Despite the desire for financial freedom, many people struggle with common mistakes that keep them from achieving it. Devar looks at the most common financial mistakes and how you can avoid them: Not knowing enough about money: Many people don\u2019t take the time to learn about managing their finances. Start by reading, taking courses, or consulting with a financial adviser. Avoiding financial responsibility: Some prefer to live in the moment rather than plan for the future. Developing financial discipline and long-term thinking will pay off in the end. Spending on wants, not needs: Prioritising luxuries over clearing debt can hold you back. Focus on paying off debt first. Not tracking spending: Without a budget, it\u2019s easy to miss payments or waste money. Create a simple budget to keep track of your expenses. Earning too little: Cutting back on expenses helps, but increasing your income through side gigs or career advancement can speed up your progress. No financial goals: It\u2019s hard to stay on track without clear goals. Take time to define what financial freedom means for you and create a plan to get there. Thinking wealth is only for the rich: Anyone can build financial security with the right plan and patience. Not seeking the right advice: Managing your finances alone can be tricky. That\u2019s where a financial adviser can make all the difference.\u201cA good adviser doesn\u2019t just help you save and invest; they guide you through the tough decisions and help you stay on track. They\u2019re like a coach who can steer you away from costly mistakes and keep you focused on your goals,\u201d Devar says .In the end, achieving financial freedom and wellness isn\u2019t about luck. \u201cIt\u2019s about making informed choices and sticking with them. Consistency is key. Starting earlier means that you have more time to build capital. The sooner you take charge of your money, the sooner you\u2019ll experience true wealth and peace of mind,\u201d Devar says.\u00a0\u00a0PERSONAL FINANCE<\/p>","protected":false},"author":1,"featured_media":25328,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-25326","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-builder"],"_links":{"self":[{"href":"https:\/\/www.premium-partners.net\/fr\/wp-json\/wp\/v2\/posts\/25326","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.premium-partners.net\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.premium-partners.net\/fr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.premium-partners.net\/fr\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.premium-partners.net\/fr\/wp-json\/wp\/v2\/comments?post=25326"}],"version-history":[{"count":1,"href":"https:\/\/www.premium-partners.net\/fr\/wp-json\/wp\/v2\/posts\/25326\/revisions"}],"predecessor-version":[{"id":25327,"href":"https:\/\/www.premium-partners.net\/fr\/wp-json\/wp\/v2\/posts\/25326\/revisions\/25327"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.premium-partners.net\/fr\/wp-json\/wp\/v2\/media\/25328"}],"wp:attachment":[{"href":"https:\/\/www.premium-partners.net\/fr\/wp-json\/wp\/v2\/media?parent=25326"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.premium-partners.net\/fr\/wp-json\/wp\/v2\/categories?post=25326"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.premium-partners.net\/fr\/wp-json\/wp\/v2\/tags?post=25326"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}