Posted by Flora Maudsley-Barton | May 04, 2017
Why Should I Set A Financial Goal?
Money is important. Whatever you think of it, having enough money is important.
But Saving is not really fun.
Saving for tomorrow means choosing to do without something today, and that is a difficult habit to get into. I don't know what it feels like to be twenty-something today, but I do remember being twenty-something, and feeling like there was no urgency to get started with savings.
Today, as the MD here, I am lucky enough to work with people at every stage in their financial planning journey, I can really see good habits paying off. The habit that seems to pay off the most is to work to a plan. It doesn't seem to matter so much if the plan is simply 'I want to live somewhere without paying rent in a few years' or if it's a bit more precise like 'my son is going to need at least £20,000 in 9 years time' or 'I love Orkney so much, I really want to take my friends there for my birthday next year'.
Having that goal seems to keep us focused and help us get there sooner.
Having a clear financial goal is such an important part of building yourself a future you can enjoy. It's about making the right choices at the right time that get you where you want to be.
If you already know what you want to save for, the first step will be easy for you. If not, I’m delighted to hear that! Get thinking! It probably isn't money that you actually want... but it's possibly something that you need money to do.
The only thing better than setting your financial goal is to share it with other people, and if you choose to share it with us, we will do our best to help you get there.
Like and follow our Facebook page, tweet your questions to us via Twitter or find us on Instagram. We are here to answer your questions and to get to know you.