Building financial wellbeing isn’t about complicated strategies, it’s about steady habits, backed by simple steps you can put into practice today. At Lemmi, we let the investment managers take care of the behind-the-scenes portfolio work, and we’re here to guide you through the habits that make all the difference.
Here are 10 key behaviours, each with a quick tip you can start using right away.
1. Track and manage your cash flow
Know exactly how much you earn and spend.
Tip: Write down or log every expense for one week. Then group them into categories like “essentials,” “subscriptions,” or “impulse buys.” You’ll see patterns you didn’t expect, and that awareness is the first step to making changes.
2. Prioritise and automate your savings
Treat savings like a fixed expense.
Tip: Set up an automatic transfer the day after payday. Even a small amount grows steadily, and you won’t miss what you don’t see.
3. Set Goals That Mean Something
Use SMART goals to stay on track. Make them Specific, Measurable, Achievable, Relevant, and Time-bound
Tip: Replace “I want to save more” with “I’ll save $100 a month for a holiday next year.” Clear goals keep you motivated and focused.
4. Invest early and wisely
Start investing as soon as possible to benefit from compounding returns.
Tip: Begin with what you can, even if it’s small. Look for investment managers that can match your portfolio to your goals and comfort with risk, so you get on the right track.
5. Manage and eliminate debt
List your debts, prioritise, and make a plan.
Tip: To save the most money, pay extra on the highest-interest debt while keeping up with the rest. Each step reduces pressure and gives you momentum. Alternatively, maybe knock off the smallest debts first so you feel like you’re making progress so you can then tackle the bigger ones. The best strategy is the one that motivates you most so you stick with it.
6. Understand and control emotional spending
Recognise your triggers and practise mindful choices.
Tip: Use the 24-hour rule for non-essential purchases. Often, by the next day, you’ll realise you don’t really want it.
7. Build financial literacy
Keep learning about financial products and strategies.
Tip: Set aside 15 minutes each week to read, listen, or ask a question about money. Small bits of learning build lasting confidence.
8. Live within your means
Distinguish between wants and needs.
Tip: Pause before buying and ask, “Is this a need or a want?” and “If I buy this now, what might I be saying no to later?” That small pause can save you from choices that stretch your budget.
9. Follow through with plans
Discipline and consistency are key.
Tip: Book a quick “money check-in” once a month, review your savings, investments, and debts like a meeting with your future self.
10. Protect your financial future
Use insurance and estate planning to safeguard your tomorrow.
Tip: Review your insurance annually and make sure you have a will or power of attorney. These aren’t just paperwork, they’re tools that protect your future self and loved ones.
The takeaway
These habits may feel small, yet when you combine them, they form the strongest foundation for your future. They’re about more than money, they’re about creating options, freedom, and peace of mind.
With Lemmi, you’ve got a partner to keep you confident and clear, while our chosen investment manager handles the portfolios designed to support your goals. Every little step, whether it’s automating savings or pausing before a purchase, adds up to a life that reflects your values and dreams.
Your money is the power to write your story. And every habit you practise today shapes the future you’ll enjoy.