As a financial advisor, I emphasise the importance of adopting healthy financial habits early in life. Here are five tips to help youths boost their financial well-being:

1. Save a portion of every cedi: Developing a savings habit is key to achieving financial stability. Allocate a portion of your income to savings, regardless of the amount.

2. Invest in skills development: Enhancing your skills can significantly increase your earning potential. Invest in learning a trade, acquiring new skills, or improving your professional expertise.

3. Live below your means: Prioritise saving and investing by avoiding lifestyle inflation. Make conscious financial decisions that align with your goals.

4. Start a bank account early: Opening a bank account helps with financial management and earns interest on your savings. It's an essential step in building financial discipline.

5. Diversify income streams: Relying on a single income source can be risky. Explore alternative sources of income, such as investments, freelancing, or starting a side business.