Make SMART resolutions you truly value

“Goals that are tied to what you truly value are often easier to achieve than goals that are simply ties to money. So, make your targets Specific, Measurable, Attainable, Relevant and ensure they have a suitable Timeline.

·         Specific – ‘To get wealthier’ is not a specific or clear goal, but ‘to achieve two thirds of your previous working lifetime income at 55 when you retire’ is

·         Measurable – Set deadlines for your financial goals, such as the age at which you retire, or the timeline for buying a holiday home

·         Achievable – Use your own income (and expected income) to set your financial goals for the future. Don’t count on inheriting money

·         Relevant – Create a personal financial bucket list of goals, but always view it as a flexible document that will change with time as your interests and life situation changes

·         Timeline – Identify your time frame by categorising your objectives by short-term, medium-term and long-term financial goals to provide focus and to help match your goals with appropriate savings and investments.”