Starting out
Getting my finances sorted out
If you're clear about what you want to achieve, the next step is considering where you are now, to determine how much you can afford to set aside towards achieving your goals.
Where does my money go?
An important first step is to establish where you are in a financial sense. Adding up the value of everything you own and taking away all of your debts will show how much you are financially "worth" now.
Next, by preparing a budget, you can establish how much you can afford to put towards achieving your goals.
Use our budget planner tool to help you.
How quickly can I reach my goals?
Once you have established how much you can afford to invest in your future each month, you can then calculate whether this will get you to your goal within your timeframe. Use our financial goals calculator to help determine whether you are on track to achieve your goal in your time frame.
How can I reach my goals quicker?
There are a number of options to consider if you want to accelerate your saving or achieve your goals faster. You could consider the following:
- Review your budget to identify and cut out unnecessary spending
- Consider options to accelerate your savings through dollar cost averaging or compound interest
- Borrowing to achieve your goals.
