The financial goals you should work towards

No one knows what tomorrow will bring, but we can always make sure to reduce our daily stress and hope that it’s going to turn out well. Reaching these financial goals will make you feel more in control, so you can focus on whats really important.

Start planning your month

One of the most important finance goals you can have is knowing what you really spend your money on. With a budget and spending insights you have everything you need. Set a budget and make sure you stick to it. When you look back at your history in spending insights you get a better understanding on what your limit is.

Make sure to have buffer

The buffer is your most important savings goal, the money that’s there to protect you in case of unfortunate events. The size of you buffer depends on your lifestyle, where you live and how many that are dependent on you. A general rule of thumb is to save three times your monthly salary.

Get out of debt

Interest costs and other fees are unnecessary expenses that you’ll want to get rid of in the long run. Always make sure you pay of your credits and loans as fast as possible. Start with the smaller loans to get rid of them entirely.

Retirement savings actively

If you are employed you’re most likely getting pension paid by your employer. Is that enough? Now is the best time to start saving for your retirement. Time and compound interest will make your money grow substantially.

Invest in yourself

The most obvious solution to getting more money is to increase your salary. There are several different ways you can become more employable and raising your pay.

• Get educated
• Switch jobs
• Negotiate your current salary
• Get an extra source of income
• Work on your CV

Protect your money

Part from the buffer, getting the right insurance is a safety in case of the unexpected. There are several different solutions with various insurance companies offering their own “perfect” package. Read more about different insurances here>

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