Nicole Heales

  • Why Nicole?
  • How I help you
    • Take Control
    • Insurance
    • Superannuation
    • Debt Reduction and Mortgages
    • Wealth Creation
    • Retirement
  • Success stories
  • Education
    • Podcasts
    • Ebooks
    • Explainer Videos
  • News
  • Contact

Your money goals and how to reach them

It’s easy to have big ideas about your financial future, but harder to achieve them. As most dieters know, you can follow the best dieting program, but struggle to stick to it.

The same is true for your financial goals, whatever they include, and the plan you draw up to achieve them.

Even with the best intentions, it’s easy to fall “off the wagon”. Life is full of distractions – for example, that fancy must-have car or overseas trip. It’s also full of changes that can put you off course. And sometimes we just get stuck or lose our motivation.

Here are some tips on how to develop your financial goals in a way that makes them more achievable:

  • Be realistic

Not all financial goals are achievable or can be done in the timeframe you have set for yourself. Don’t trip yourself up before you start by being over ambitious or impractical.

  • Be clear

Ensure your goals are clearly understood and not a hazy list of vague statements, such as to “buy a big house” or “be rich in retirement”. Clear, specific goals – for example, to eliminate my credit card debt with in two years’ time or to accumulate a $50,000 deposit for a unit by the end of 2022 – are much more likely to be realised.

  • Prioritise

Consider which of the goals are most important to you and rank them by priority. You may not be able to do everything at once.

  • Get motivated

Your goals should be meaningful and relevant to you and not someone else’s dream. You must really want to achieve them or you might get side tracked.

  • Set realistic timeframes

Break your goals down into achievable short-term, medium-term and long-term goals. Some may be dependent on achieving others first. Also, break your goals into smaller steps. Small wins will keep you motivated.

  • Create a budget

Knowing how much money you have coming in and going out each month will help you manage your money better and help you stay on track

  • Introduce processes

Having an automatic direct debit into a managed fund or savings account each month before you get to spend it will also help you on course.

  • Don’t be too austere

Just as a diet with absolutely no “treats” is bound to be broken at some time, so too is a financial plan that doesn’t allow the occasional splurge. As they say, life is short and you need to have some fun on the journey too.

  • Be flexible

No plan should be cast in stone and life is full of unexpected changes. Give yourself some wiggle room to cater for changes in markets and your circumstances.

  • Review your progress

Re-examine your goals and your progress toward them regularly. Pat yourself on the back when you reach milestones.

  • Be held accountable

Turn your friend, family member or a financial planner into your accountability coach and report back to them on how you are tracking. This may help keep you motivated to keep going and keep to your plan.

  • Get back on the horse

If your journey goes off track, don’t give up. Learn from your lessons, work out why your plan failed and get started again.

  • Get advice

Remember that certified financial planner professionals are qualified to help you work out your financial goals, are very educated on ways to achieve them and experienced in helping their clients stay on track.

Source: Money and Life

Financial Planning, Lifestyle Budget, Goals, money

Can’t find what you need?

Newsletter

Subscribe to my newsletter and get regular updates on ways to make the most of your finances.

sign me up

INDUSTRY AWARDS

  • Winner – Most Influential Financial Planner 2019
  • Power50 – 50 Most Influential Advisers in Australia 2019, 2018 and 2017
  • Finalist – Female Excellence in Advice 2018 and 2017
  • Finalist – Industry Thought Leader of the Year 2018
  • Finalist – Holistic Adviser of the year 2018
  • Winner – Most Inspirational Woman in Financial Planning 2017
  • Finalist – Financial Adviser of the Year 2017 and 2016

OUR LOCATION

15 Howard Street Beulah Park SA 5067
Mobile: 0417 167 024

Let’s Connect!

  • Email
  • Facebook
  • Google+
  • Instagram
  • LinkedIn
  • YouTube

What’s news for you

  • Relationship break-up entitlements when you’re in a de facto 
  • A guide to managing financial anxiety 
  • How to save for retirement in your 50s 
  • Paying your mortgage vs. adding to your super
  • Market outlook Q&A
  • How much super should I have at my age? 
  • Give your finances a shake out 
  • How much do I need to start investing? 

Adviser Profile | Financial Services Guide
Privacy Policy | Disclaimer

Nicole Heales ABN 64 871 906 280 is an Authorised Representative of Capstone Financial Planning Pty Ltd ABN 24 093 733 969. AFSL 223135 (Authorised Representative Number 312479).

Copyright © 2021 Designed by GWD - Developed by Weblicious Solutions