How long will it take for you to pay off your debt? When can you start to save and how much will you be saving each month? After doing your life goals budget are your monthly savings enough to fulfill your goals? If not reconsider what you can cut back on so you can save more each month. If you simply want to achieve them but could wait a little extra time to do so you could contemplate taking longer to complete your goals.

Another option is to consider looking for increased earnings by either looking for a pay rise, seeking a promotion or looking for work elsewhere (stay tuned for February’s series on career planning).

 

If none of these are an option you could – as a last resort – consider other, smaller goals, however personally, I would always choose to first cut back on spending and then, if this was not possible, just take longer to achieve my goals, saving up over a longer period of time.

 

Do you save enough to achieve your goals in the time frame you would like? What other options listed in this post would you consider in order to achieve your goals? Is seeking other better paid work an option? Please share your thoughts in the comments below to gain encouragement, insight and support from our community, we’d love to hear from you.