Five habits to put you on the road to financial success

Although everybody is winding down as the end of a difficult financial year approaches, now is a good time to start new financial habits to put you on the road to financial success in 2025.

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Momentum recently conducted research with a group of its clients to explore financial wellness in households and found that 33% of financially stressed individuals reported feeling they have little control over life's challenges, while 52% of financially secure individuals believe they can always take action to improve their situation.

"This contrast reveals a critical lesson: how good financial habits can foster resilience and peace of mind," says JJ van Wyk, financial advisor at Momentum.

"Building the right habits helps you to create a foundation for long-term financial security, no matter the economic climate."

Van Wyk recommends these five key habits to put any household on the road to financial success in 2025:

#1: Save, invest and avoid impulse purchases

Van Wyk believes the cornerstone of financial stability is saving and investing. The Momentum/Unisa Household Financial Wellness Index reveals that many South Africans struggle to live within their means.