How to Set Achievable Financial Goals

Updated: Aug 4, 2021

Its time to set your FY2021 goals! Here are our top 4 tips to make sure you accomplish your goals this year.

1 - Be Realistic

Its easy to get carried away when you're goal setting, after all, ambition is a good thing! But we need to make sure your goals are a balance between ambition and realism. A question to ask yourself when you've set a goal is; does this goal uplift me, or does it make me feel inadequate? An achievable goal should make you feel excited, rather than making you feel defeated before you've even started!

2 - Make sure you're emotionally invested in your goals

Making a goal based off what other people want to achieve will seldom lead to you sticking to your goals. Take time to sit down and figure out why the goal is important to you, and why its important that you achieve it this year. Making a goal specific to your desires and circumstances will give you the motivation you need to stick to it all year long.

3 - Avoid goal hopping

It can be tempting to try to tackle all of your goals at once, but this is not the way to go. Spreading yourself thin in order to achieve several goals will be far too challenging, instead, focus on setting 2-3 main goals for the year. Having fewer goals means achieving them is more realistic and leaves room in your life to enjoy other things!

4 - Start Now

What are you waiting for? Putting away nominal amounts each week will gradually add up to a decent amount in your savings. Even if you don't have a financial planner, disciplining yourself to put money into your savings each week/month is a full proof way to build a savings base. Once you start, you'll begin seeing how every little bit truly does help; whether that's putting $10 or $100 in your savings at the end of each week.

Any further questions? Contact us via email or phone today! Or, book a free consultation here!