You’ve got the dreams, now set the goals You’ve got the dreams, now set the goals
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You’ve got the dreams, now set the goals

The Blog Detail
by Mariel Rubinstein

For most people, the list of things you’d like to do in life is probably very long.

You might feel like these could all single-handedly break your bank, and in some cases, you’re probably right.

You might also see these things as dreams or wants, instead of as realistic goals.

But they can be. You could fly to Fiji in 12 months, buy a house in five years, or eventually save enough to start your own little family.

These are all financial goals, and with just a little planning you could be on your way to achieving them.

So, what should you do next?


1. Recognise what your goals are

You probably already have several goals. Think about the milestones you’ve got coming up in your life, and think about how much money you’ll need for these things.


2. Prioritise

When setting your goals it’s important to be realistic. If you want to save for a house, a wedding, and a big holiday all at the same time, you might struggle.

This is why you need to decide which of your goals are the most important.

You can set yourself a savings deadline for your main goal, and reach that before moving onto the next.

However, life isn’t always that straightforward. You might want to reach a short-term goal sooner (like going travelling), whilst still keeping your long-term goals on track (like buying a house).

In this case, you need to work out how much you can save overall each month and then decide how much you want to dedicate towards each goal.


3. Don’t set unachievable goals

Financial stress is very real. In fact, one in four UK employees worry about financial problems to the point where it affects their work performance.  

It’s important to make sure that your savings goals don’t contribute to this stress. Instead, they should empower you to do what you’ve dreamt about, or lay the groundwork to become more financially stable.

Set goals that challenge you, without breaking your bank.


4. Give yourself wiggle room

Once you start saving, it can be difficult to discipline yourself from touching that money, especially if you find you’re running low.

Set up a separate savings account specifically for your goals. This will keep your actual savings fund safe from any potential emergencies.

Explore what you can do with Pinpoint for free today. The sooner you start saving, the quicker you’ll achieve those goals.


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