Personal financial goals
Deciding what you want and planning how you’ll get it.
Sometimes we’re so busy living that we forget to plan ahead for the things we want out of life. To get more control and a greater sense of achievement, start by thinking about what you really want - next week, next month and over the years to come. Once you know where you want to be, you can plan the best way to get there.
Step 1: Identify your financial goals
Think about the things that are important to you and write down your financial goals. It’s best to put them into categories of short, medium and long term. Try to estimate the cost of each goal and set a target date for achieving it.
Step 2: Make plans to get the money
Deciding how you’ll achieve each goal is often about finding the money to pay for it. If you don’t have left-over income for this you can either spend less on other things or increase your income somehow.
Step 3: Keep an eye on your progress
Review your progress monthly to see if you’re on target. If you’re not, be prepared to change the costs, timing or strategy.
