2019 financial advice

A number of people have been asking me for advice for this coming year and what to do with their money.

I go back down to the fundamentals.

1) Spend less than what you earn.
Set a budget for your expenditure and keep within it.

2) Create an emergency fund of minimum of 6 months.
You never know what is going to break down or go wrong.

3) Plan for the long range goals like retirement, insurance, estate planning.
The earlier you start planning, the easier it gets for you and your family.

4) Debt reduction
Avoid rolling over credit card debt at all costs! Clear off credit card loans every month. The only loan you should try to have left is your home loan as it is usually the largest.