Mr Taxman
Change the way you feel about taxes.
Get informed and discover what the taxman doesn't want you to know.
Sharing it with Australia, Mr Taxman is a regular Woman’s Day columist and TV finance commentator
  • click to visit Mr Taxman on Twitter
  • click to visit Mr Taxman on FaceBook
  • rss

Setting financial goals and sticking to them

Feb 10, 2017

 

Listen to the Podcast here


According to Adrian Raftery, course director of Financial Planning at Deakin University, there are six golden rules to follow when setting financial goals.

1.Write them down

By putting your goals onto paper you develop a challenge for yourself to try and achieve. Don't be afraid to put some pressure on yourself.

2.Be specific

Don't just say that you are going to save. Put down an exact figure that you want to save such as $325 per month.

3.Goals must be realistic

You are not going to make a million dollars so it is a waste of time putting that down. You want to set goals that are challenging yet attainable if you put in the hard yards. Dangle the carrot sufficiently in view by not making them easy either.

4.Set timeframes

Don't leave your goals open ended. Set a date that they must be achieved by. For example, pay off your credit card by April 2018.

5.Monitor your goals

Put a note in your diary or Outlook calendar to review your goals every three months. A mid-year financial check-up can set you back on track if you have been slack.

6.Don't get lazy

Get into the mindset that you are going to take control of your finances this year and just do it!

 

Tags: 101 WaysAccountant SydneyBudgetCalculatorsChartered AccountantFinancial PlanningPersonal tax

Author: Mr Taxman, Dr Adrian Raftery

Comments

Post a New Comment

Media Availability

Are you interested in booking Mr Taxman for a speaking engagement or requesting his viewpoints for an article?

comments-rhsLatest Comments

  • "I NEED MY EX BACK DESPERATELY EMAIL DR. SAM FOR URGENT AND FAST HELP: SUPREMESPELLCAST@YAHOO.COM HI AM Jennifer Cross Sidwell!! from Australia. with this great tears of joy and happiness in my..."

    By: jennifer cross at Dec 10, 2018 12:01AM

    Post: Marriage

  • "HOW I GOT MY EX HUSBAND BACK WITH THE HELP OF DR PETER THE REAL ONLINE SPELL CASTER WHATSAPP/CALL +1(321)754-0649 My name is LINDA ROBERT from United State, I want to quickly tell the world that..."

    By: LInda Robert at Dec 09, 2018 8:31AM

    Post: Marriage

  • "HOW I GOT MY EX HUSBAND BACK WITH THE HELP OF DR PETER THE REAL ONLINE SPELL CASTER WHATSAPP/CALL +1(321)754-0649 My name is LINDA ROBERT from United State, I want to quickly tell the world that..."

    By: LInda Robert at Dec 09, 2018 8:31AM

    Post: Marriage

  • "HOW I GOT MY EX HUSBAND BACK WITH THE HELP OF DR PETER THE REAL ONLINE SPELL CASTER WHATSAPP/CALL +1(321)754-0649 My name is LINDA ROBERT from United State, I want to quickly tell the world that..."

    By: LInda Robert at Dec 09, 2018 8:30AM

    Post: Marriage

  • "My Husband divorce me for no reason, Thanks to Dr.FREEDOM for bringing back my husband,and brought great joy to my family once again, My name is Alberto Stephanie. i live in US, I`m happily married..."

    By: Margaret wyne at Dec 08, 2018 9:28PM

    Post: Marriage