Setting financial goals
You’ve thought about what you want to save for, and how much you want to save each month. Next, you might want to consider setting some financial goals to help you stay focused. Financial goals might not just be about how much you save and when, they could also be about how your savings align with your values. Here are some things to think about when setting financial goals.
Write down specific and achievable targets
It’s important to be realistic. Setting yourself unrealistic targets could be disheartening and put you off saving if you don’t achieve your goals. Try writing down specific targets with dates you think you can achieve them by, and mark them on a calendar where you can see it. Seeing your goals and target dates written down could help you to stay motivated with saving.
If you know how much you want to save but aren’t sure how long it will take – try MoneyHelper’s savings calculator.