Ways to improve the finances

Having a financial overview and structure makes it easier to set realistic financial goals, which could be:

• not to spend more than a certain amount in certain expenditure items

• regular targeted savings (short-term and long-term goals)

• to pay down loans and short-term debts or deposit into a savings account

Examples of objectives

Aim-based planning can help you avoid unnecessary expenses, save money and be better prepared for shocks and unexpected situations. It is good to categorise goals into two categories:

Short-term goals

could be collected to:

• buy a new computer

• have a reserve

• pay down an overdraft

• go on a summer vacation or for fun

Long-term goals

could be collecting for:

• payment in an apartment

• retirement

• or pay down real estate loans more quickly

Onwards