When we talk about setting our financial goals, we often think of puzzling numbers, long lists and a rigorous cardio session for our brain
However, we just need to follow three simple financial mantras to make this happen,
But before plunging into the details, let's understand how financial goal planning works.
Let's say, you want to buy a car on your birthday, but you do not have enough funds to buy it right away. Here's where your financial goal planning would come to the rescue in the form of FINZARD. It can channelize investments in such a manner that one can generate returns over some time and achieve their financial goal. Sounds amazing right?
Financial goal planning also works wonders for meeting any medical or life emergencies or simply planning to pay off a debt in future. Just remember that a goal is only profitable if it's aligned with good planning and analysis.
To determine your financial goals, you'll need to understand the events in your life, and your priorities that require regular fund allocation. For example, retirement and a child's education must be given priority rather than planning for a vacation or PS5.
Once you are there with your priorities and goals set, your banking details, goals and plans are consolidated in one place to visualize and track which works on autopilot with Finzard.
Warning! Financial planning with us won’t end up like this.
You can make your goal planning easy with these 3 steps:
First is #UnderstandingItSmartly, is it;
Short term goals
Mid-term goals
Long term goals
Creating a list and understanding your goals is VITAL as it gives you a clear picture of what you are aiming for. If you have got that figured out, the next few steps would be as smooth as butter!
Secondly, now that you have put together your plan there, #ExecuteItWisely
Your goal could be anything, say planning for an emergency fund or paying off your debt in the next 5 years, but executing it with the right resources matters the most!
For executing it, open your Finzard app, add in your bank details and then your goals with all the relevant information. (You can also use various goal planning templates available) And voila! You have already executed a part of your plan while working on the remaining part of it.
Lastly, a well-executed plan is just 'Ehhh' without following up with it. So, #TrackItLikeABoss
Before jumping into details, a quick question. Have you ever planned a goal, yet could not accomplish it because you could not keep a track of it?
Well, if your answer was yes, stay on your toes after executing your financial goal.
Make it a habit, give 15 minutes of your day to your goals and then see the magic and fun in managing your finances.
We understand it can be daunting, but that's where we make it effortless for you. With our personalized recommendations, linking your financial accounts and feeding accurate goals, you can access your goals through an innovative and easy-to-use dashboard.
Finzard does not only strive to make your finances effortless, but also to make it fun, effective and achievable. No long lists, no clattering the calculators or no outrageous fees. Just a simple process to get you going.
Your financial goal’s success depends on your actions. Make sure you start today!
For more elucidating and fun bits of financial wisdom, check out our blogs here and for growing your wealth.
Take control of your Personal Finance Planning and Wealth Management, Download and Install Finzard — Your Personal Financial Wizard from Google Playstore.
For more information: www.finzard.com
Written by Gouri Chowbey for Finzard
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