Settings Goals

Saving isn't always easy.  Most of us don't have a lot of extra money lying around.  And, when we do come into some extra cash, a household repair, some car maintenance, a fine or an over-due bill can gobble it up in an instant. 

It's easier to start saving and to keep motivated if you know what you're saving for and that-one day-you will reach your goal.  

Be firm

When we set goals that are firm, we are more likely to reach them. Instead of saying, "I want to buy a house someday," set a timeline you can meet For example, "I would like to save enough money for a deposit on a house 5 years from now." 

Be realistic

There is nothing more demoralising that setting goals that cannot be reached. You will only set yourself up for failure and discourage yourself next time. Review your budget to figure out how much you spend and have left over each month to decide how much you can save and how quickly you can reach your goal. 

Next, it's time to start finding money to save.