Follow these money goals to get wealthy!


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Think about your future. Do you see yourself having it all figured out, a nice family, money to spare and living life to the fullest? Great, that’s how it should be right? But how do you get there? Do you know the goals to make to ensure you reach financial security?

Well, luckily for you we’ve set out some top financial goals that you should set for each decade which will help keep you on track!

Goals for your 20’s

Start saving
So you’ve just landed your first job after graduation – congratulations! The first thing you’ll need to do is cover your rent and make sure your bills covered. The very next thing you need to do is start squirrelling away some of your cash into a separate savings account. Start small, literally £20 a month if that’s all you can spare. Once you’ve established yourself for a little longer add to the amount you save each month.

Be wary of credit
In your 20’s you want to start building up a good credit score, but you also want to do this in the right way. Don’t let yourself get sucked into taking on more credit than you can afford to pay back. Also, check that the terms of your repayments are affordable to you. In an ideal world, you’ll clear your balance fully every month.

Goals for your 30’s

Save for retirement
Now’s the time to get yourself prepared for retirement. You should really be saving around 15% of your monthly pay to ensure you have enough money to retire. It sounds like a lot but remember you’ll have to have enough money so that you can comfortably live for 20-30 years without working!

Pay off your debts
Aside from your mortgage, try to clear all your debts. Work as hard as you can to reduce your highest interest debts first, then clear the rest. By working on clearing your debt now you’ll eventually free up your income, meaning you’ll be far better off in the future.

Goals for your 40’s

Start investing in your long term future
Think about how you can use your money as a tool to make more cash. Work on having a portfolio that you’ll be able to use once you get older to free up spare money.

Get some life insurance
Get some quotes and cover for life insurance so you can cover your family should anything happen to you. Make sure you get a policy that would help with costs of care or ensure that your assets are not lost.

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