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New Year, New You? Or more of the same? Goal setting now to get you started.



With the new year rolling in, many of us will take the time to think ahead and set ourselves goals for the year ahead. In one way or another these goals will likely include some form of being better financially, whether it be, spend less, save more, invest money, or buy a house.

While its great that many are taking some time to review their finances, its important a plan is put in place to make this achievable and realistic to your situation, so you actually stick to it this year! We look at some solutions for you to make this year your best one yet, to get on the path to financial freedom and achieve your goals.



As no one runs a marathon with out a plan and by giving yourself time to train. Your financial goals should be the same, give yourself timeframes, if your goa


l is to save $10,000 in 2021. Then give yourself benchmarks. Where will you be in 3 months, or 6 months. Using these timeframes, you can hold yourself accountable earlier on and you can visually see the growth of your saving balance which can act as motivation.


The goal is much more achievable the sooner you start. Do not wait until your back at work halfway through January, or until the kids are back at school. Work out what you can do today that gets you on the path. Wanting to pay off credit card debt? Start by cancelling the card today. Work out how much you can afford to pay off each week and get started right away, the sooner you make a payment, the sooner you start to pay less interest.

Compound interest matters. With any saving goal, look at HOW you are saving the money, interest rates are next to nothing. It pays to look into whether your account is helping you, or whether you are helping your bank. Do you research and see if there is an account out there that could put you in better stride, the difference might not be much, and you may not notice the difference right away but as your balance grows it all adds up. It might take you 15 minutes to set an account up at a different bank but that 15 Minutes could earn you $100 in interest, which isn’t a bad hourly rate is?

Be realistic. Things happen, life throws us curve balls and we do not always succeed. But that should not mean we give up. Go into the process knowing that there will be weeks where you don’t stick to your budget, or can’t save as much as you would like, and that is OK. Giving yourself the chance to review why you didn’t hit your goal or target that week or month is important, was there a bad habit that creeped back in? An unexpected bill? Does your goal need adjusted? Staying flexible can mean the difference between giving up or achieving an adjusted goal.


2020 taught us one thing, nobody really knows what’s coming.


Financial Freedom is achievable for everyone, but not without a plan and patience.

If you want to achieve more and find setting goals yourself difficult, Our advisors work with people from all walks of life, with goals across a huge range and better yet, our information’s free. So reach out today if anything here applies to you.


Disclaimer: This publication has been prepared for your general information. While all care has been taken in the preparation of this publication, no warranty is given as to the accuracy of the information and no responsibility is taken for any errors or omissions. This publication does not constitute financial or insurance product advice. It may not be relevant to individual circumstances. Nothing in this publication is, or should be taken as, an offer, invitation, or recommendation to buy, sell, or retain any investment in or make any deposit with any person. You should seek professional advice before taking any action in relation to the matters dealt within this publication. Disclosure statements relating to any financial advisers associated with this newsletter are available on request and free of charge. Tribe Financial is no way related to any entities discussed in this publication.

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