{"id":10676,"date":"2021-05-31T13:28:59","date_gmt":"2021-05-31T13:28:59","guid":{"rendered":"https:\/\/yourlifeassist.co.za\/sunint\/?p=10676"},"modified":"2021-06-01T06:31:01","modified_gmt":"2021-06-01T06:31:01","slug":"the-five-pillars-of-personal-finance","status":"publish","type":"post","link":"https:\/\/yourlifeassist.co.za\/sunint\/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>
    \nThis means understanding your income and expenses and having a sensible spending plan in place to help you to reduce expenses and maximise savings to create a buffer for emergency expenses and to achieve goals.<\/li>\n
  2. Investments<\/strong>
    \nInvest your money in assets that will be worth more in the long run. The contribution to your retirement fund is a smart way to secure a financial future.<\/li>\n
  3. Insurance<\/strong>
    \nPaying 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.<\/li>\n
  4. Tax planning<\/strong>
    \nYou can reduce the taxes you\u2019re required to pay by being strategic and taking advantage of beneficial tax laws and deductions.<\/li>\n
  5. Estate planning<\/strong>
    \nThis 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.<\/li>\n<\/ol>\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

    Call LifeAssist for free financial coaching at 0860 111\u00a0322.<\/p>\n","protected":false},"excerpt":{"rendered":"

    Careful planning and smart choices are essential to achieving financial […]<\/p>\n","protected":false},"author":2,"featured_media":10677,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[239,38],"tags":[],"class_list":["post-10676","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-2021-june-articles","category-your-future-financial"],"_links":{"self":[{"href":"https:\/\/yourlifeassist.co.za\/sunint\/wp-json\/wp\/v2\/posts\/10676","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/yourlifeassist.co.za\/sunint\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/yourlifeassist.co.za\/sunint\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/yourlifeassist.co.za\/sunint\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/yourlifeassist.co.za\/sunint\/wp-json\/wp\/v2\/comments?post=10676"}],"version-history":[{"count":0,"href":"https:\/\/yourlifeassist.co.za\/sunint\/wp-json\/wp\/v2\/posts\/10676\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/yourlifeassist.co.za\/sunint\/wp-json\/wp\/v2\/media\/10677"}],"wp:attachment":[{"href":"https:\/\/yourlifeassist.co.za\/sunint\/wp-json\/wp\/v2\/media?parent=10676"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/yourlifeassist.co.za\/sunint\/wp-json\/wp\/v2\/categories?post=10676"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/yourlifeassist.co.za\/sunint\/wp-json\/wp\/v2\/tags?post=10676"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}