{"id":12777,"date":"2021-05-29T08:35:58","date_gmt":"2021-05-29T08:35:58","guid":{"rendered":"https:\/\/yourlifeassist.co.za\/sizani\/the-five-pillars-of-personal-finance\/"},"modified":"2021-05-29T08:35:58","modified_gmt":"2021-05-29T08:35:58","slug":"the-five-pillars-of-personal-finance","status":"publish","type":"post","link":"https:\/\/yourlifeassist.co.za\/sizani\/the-five-pillars-of-personal-finance\/","title":{"rendered":"The Five Pillars of Personal Finance"},"content":{"rendered":"

Careful planning and smart choices are essential to achieving financial freedom. Experts say there are five pillars to good financial wellbeing. Following these five strategies will help you to make the most of your income, plan for a comfortable retirement, and leave a lasting legacy for the next generation of your family.<\/p>\n

Are you practising these five healthy financial habits?<\/p>\n

    \n
  1. Income planning:<\/strong><\/li>\n<\/ol>\n

    This means understanding your income and expenses, to decide how much you can save towards your retirement each month. Income planning also involves setting a budget and looking for ways to reduce expenses and thus maximise savings.<\/p>\n

      \n
    1. Investments:<\/strong><\/li>\n<\/ol>\n

      Investing your money in assets that will be worth more in the future will help you to build towards securing money for your future.<\/p>\n

        \n
      1. Insurance:<\/strong><\/li>\n<\/ol>\n

        Paying insurance every month helps you to protect yourself and or your family against the cost of unexpected events like accidents, illness, theft and or in the worst case, death. When budgets are tight, many people are tempted to cancel their insurance policies, but this can lead to much bigger expenses down the line.<\/p>\n

          \n
        1. Tax planning:<\/strong><\/li>\n<\/ol>\n

          You can reduce the taxes you\u2019re required to pay by being strategic and taking advantage of beneficial tax laws and deductions.<\/p>\n

            \n
          1. Estate planning:<\/strong><\/li>\n<\/ol>\n

            This means deciding what will happen to your assets after you pass away. Your estate includes everything you own, from your bank accounts, investment accounts and life insurance, to property and other possessions.<\/p>\n

            It\u2019s never too early to start thinking about your financial wellbeing. What steps can you take to start saving more and investing in your future?<\/p>\n","protected":false},"excerpt":{"rendered":"

            Careful planning and smart choices are essential to achieving financial […]<\/p>\n","protected":false},"author":2,"featured_media":12778,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[236,38,40],"tags":[],"class_list":["post-12777","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-2021-june-articles","category-your-future-financial","category-your-future-retirement"],"yoast_head":"\nThe Five Pillars of Personal Finance - Sizani<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Five Pillars of Personal Finance - Sizani\" \/>\n<meta property=\"og:description\" content=\"Careful planning and smart choices are essential to achieving financial [...]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/yourlifeassist.co.za\/sizani\/the-five-pillars-of-personal-finance\/\" \/>\n<meta property=\"og:site_name\" content=\"Sizani\" \/>\n<meta property=\"article:published_time\" content=\"2021-05-29T08:35:58+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/yourlifeassist.co.za\/sizani\/wp-content\/uploads\/sites\/53\/2021\/05\/finance.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"450\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"zara\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"zara\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/yourlifeassist.co.za\\\/sizani\\\/the-five-pillars-of-personal-finance\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/yourlifeassist.co.za\\\/sizani\\\/the-five-pillars-of-personal-finance\\\/\"},\"author\":{\"name\":\"zara\",\"@id\":\"https:\\\/\\\/yourlifeassist.co.za\\\/sizani\\\/#\\\/schema\\\/person\\\/af95e4ffad46b719e872bdf047249ab2\"},\"headline\":\"The Five Pillars of Personal Finance\",\"datePublished\":\"2021-05-29T08:35:58+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/yourlifeassist.co.za\\\/sizani\\\/the-five-pillars-of-personal-finance\\\/\"},\"wordCount\":270,\"publisher\":{\"@id\":\"https:\\\/\\\/yourlifeassist.co.za\\\/sizani\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/yourlifeassist.co.za\\\/sizani\\\/the-five-pillars-of-personal-finance\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/yourlifeassist.co.za\\\/sizani\\\/wp-content\\\/uploads\\\/sites\\\/53\\\/2021\\\/05\\\/finance.jpg\",\"articleSection\":[\"2021 June articles\",\"Your Future - 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