With 2020 in front of you, it’s time to make a renewed commitment to your family’s finances. Good financial habits mean financial success.

The first step to getting back on track is to look at your financial situation and draw up a budget. The best way to know how much you have and how much you need is to write it down. A budget also helps you see where you can save and where you can cut down on unnecessary costs. It’s hard to stick to at first, but practice makes perfect. Once you know what you can spend, you can prioritise.

A lot of us probably spent a little too much over the festive season last year, using our overdrafts and credit cards, but now is a good time to get back on track.

As a Starter member, you save with discounts and cashbacks from some of our partners like Makro and Dis-Chem. Use your free Multiply Money account to save your cashbacks at a great interest rate. If you upgrade to Multiply Premier, you save even more.

Make saving a priority. You shouldn’t only save towards your long-term goals like for your child’s education or retirement, but also for the shorter term like an emergency. Experts recommend that you save three times your monthly expenses. It sounds like a big number, but the trick is just to start somewhere and build up your emergency fund each month.

It’s important to take control by setting goals – both short-term and long-term. Every short-term goal you achieve brings you closer to financial success.

If you don’t have all the answers on what goals to set and how to achieve them, don’t stress – a professional financial adviser will be able to help you with the expert advice you need.

Read how Multiply can help you can get on top of your finances.