A new year calls for new goals!

Yes it’s that time of the year again! The new year is upon us! And as we always say, it has come around fast again!

You’ve probably been asked a million times what your new years resolution is. Some people have them, and make them, and others don’t. It’s a personal thing!

Something that is highly encourage-able, is to make yourself some personal financial goals. Why? Because as the great Antoine De Saint-Exupery says “a goal without a plan is simply a wish.”

So what does a financial goal look like? Well here we delve into some that might help you on your way, but first ask yourself - what is it that YOU want to achieve with your finances? Some of the more common financial goals are as follows:

• Buy your first home

• Buy an investment property

• Payoff your mortgage

• Pay down your mortgage

• Payoff your car loan

• Save for your house deposit

• Save for a car

• Save for a holiday

• Review your home loan interest rate

• Review your current banking fees and charges

Once you have decided what your financial goal/s for this new year are going to be, the next step is to start planning. When setting a financial goal it’s important to consider the short, medium and long term steps to achieving the goal. Breakdown the end result into weekly or monthly actions, document these actions and then it’s time to get to work.

Remember progress with finances can take time, and this is OK, the main thing is that you have decided what you want to achieve and you are on your way to achieving them.

Good luck and may you achieve everything it is that you desire!