We are all unique and so are our financial goals. One should not confuse the similar desires that many of us may have owning a house, buying a car, saving for children's education and more-with having the same financial goals. As none of us have the same bills, rent, debts or lifestyle, we need a plan that will address our specific circumstances and not that of our neighbour's. Aiming for a financial goal involves saving and investing money to realise that goal.
Step 1: List your financial goals and categorise them based on a timeline as short-, medium- or long-term.
Step 2: Put in the target sum you need for each goal and the number of years you have to achieve them.
This story is from the July 25, 2022 edition of India Today.
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This story is from the July 25, 2022 edition of India Today.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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