Achieving Your Financial Goals

Learning how to effectively set and achieve your financial goals is key to seeing them realised. However, saving money for your long-term goals is undoubtedly harder than saving for the short-term.

A savings plan is your first step on your way to long-term financial success.

Step 1: List your financial goals. Take your time here, reviewing and refining your list until you are sure that these are the financial goals you want to achieve, and not something defined by peer pressure or poor judgement. This needs to be recognised as an important activity – not just something that we keep vaguely in the back of our minds. Listing your goals makes them real, and tangible.

Step 2: Set a clear path. It’s important to make your goals realistic and achievable for your lifestyle. Unfortunately, our short-term goals often get in the way of our long-term plans. Even the work to reach our goals can seem boring – no one looks forward to record keeping or creating a savings plan.

There’s plenty of free advice, tips and tricks when it comes to mapping out your finances, including a 52-week savings challenge template that lets you save money without even noticing, or at least makes it one of the more pain-free ways to save.

Step 3: Set priorities. You can’t achieve everything at once. Your goals will be easier to achieve if you focus on one at a time. You can decide to focus on the easier ones first, to help you build momentum – or, if you have one big goal that represents a problem or blocker for you (such as credit card debt) then it’s a good idea to make that one your priority.

Overall, sticking to your list is crucial to helping you overcome obstacles to your goals. Review your list often, and make tasks for yourself every day that will help you improve and keep track of your finances. Stick to your priorities on your list (unless a life event forces you to change priorities). You can even save alongside a friend so you can keep each other on track, and hold each other accountable by checking in on each other’s goals regularly.

If you’ve set yourself some clear and manageable goals, it will be easier to stick to your plan. Persistence is key, so start today and don’t let yourself stop. It can be easy to get side-tracked, or so excited by your initial success that you let yourself take a break and get off track. This only leads to financial stagnation, so make sure to keep reaching for your goals and you’ll find yourself achieving financial success.

Share this story, choose your platform!

Share on facebook
Share on twitter
Share on pinterest
Share on tumblr
Share on google
Share on linkedin
Share on reddit
Share on vk
Share on email
About the author:

Leave a Comment

5 Ways to Use TikTok for Business

TikTok is probably one of the fastest-growing social media apps as it’s managed to amass about 800 million active users in just four years all over the world. TikTok also has significantly high engagement levels as there’s a study that discovered that users were more engaged on that platform than anywhere else. Also, TikTok’s algorithm

Read More »

Importance of Cyber Security for small businesses

Introduction Be it a small-sized, medium-sized, or large-sized company, all share a common threat of cyber-attack. While large companies and corporates are the most popular target for hackers, small businesses are not immune and are off late the more desired target. In fact, small businesses are marked as easy targets for they often have no

Read More »

Top 10 Interesting Jobs in Vietnam

The sign of a growing economy is the increase in employment opportunities. In the world today, Vietnam is among the countries whose economy is growing at a fast rate. So, it is no surprise that some of the top jobs in the world are in Vietnam. Keep reading to find out some of the exciting

Read More »

Chinese Insurtech Company Insnail Launches Their First Solution to Solve the Difficulties of Claim Settlement for Policyholders

Promoting the development of insurance networks brings the insurance industry enter a new historical phase in many emerging countries, but at the same time this also causes the emergence of a series of new problems, such as difficulties in understanding the claim settlement scope, choosing suitable insurance products, and most of all, getting a fair claim settlement. On August 26th, Insnail, a Chinese growing Insurtech company, announced the launch of their first solution to solve the

Read More »

Go Long

Markets are tanking. Should I cash out? It is almost impossible to read about anything other than COVID-19 and we are no different. As a wealth manager, I can only pass on my ideas on what to do given the turmoil in the markets. There are many losers in these markets, but with every loser,

Read More »

Which Trading Bots Really Work and Are Profitable?

How can you make money with cryptocurrencies? You can buy coins and hold onto these for the long-term or you could sell the coins when their value has risen. To do this, you can either rely on yourself or get crypto trading bots to do your work. Trading bots can be profitable provided you have

Read More »