Think for a moment about…
What is Financial Goal Setting
We all have financial dreams we wish to achieve during our lifetime. Whether it is buying a car, going on that dream holiday, or saving for retirement. But where should you begin?
Identifying what your financial goals are and determining whether they are short or long term, is an important step in transforming a dream into a more substantial target. In doing this, you will have a better understanding of what you want to put your hard earned money towards and reduce unnecessary spending.
“A goal without a plan is just a wish.” – Antione de Saint-Exupéry
When you have identified your financial goals, you need to determine a plan of action. Financial planning is a helpful tool regardless of the stage of life you are in, because it takes into account your current financial situation. Speaking with a professional financial planner, can assist you in developing a personalised plan that helps determine the best strategies for you to achieve your financial goals.
How Should I approach Financial Goal Setting?
Create a Budget
You need to establish what your current financial situation is in regard to the money you spend versus your income. A great method to do this is by using a budget. It is a tool that allows you to clearly see where your money is going by tracking your spending.
Set Your Goal!
Goals can be made for the short term like buying a car, or long term like saving for retirement.
Talk with a Professional
We recommend working with a financial adviser to help you form the best plan to achieve your financial goals and dreams.
Call Crest Financial Services to book an appointment with an adviser to discuss your financial goals.