Check your financial situation

Assessing your income, debts, expenses, and savings helps you know where you stand. This gives you a clearer picture of your financial health so you can set attainable goals and improve your situation.

Get SMART

SMART (Specific, Measurable, Achievable, and Time-bound) is an approach that can help you set realistic financial goals. Moreover, it provides a solid path to attain them.

To do that, define exactly what you want to achieve — such as saving up R10,000 by the end of the year — and remember to track your progress. If your monthly income makes the original goal seem unattainable, adjust your goal while keeping your broader financial plan in mind. Also, be sure to set a clear deadline — such as paying off your debt in six months. This will keep you accountable and push you to be responsible.

Prioritise the most critical goals

Focus on the goals that can significantly impact your financial health. This will allow you to prioritise the most important matters without being overburdened to achieve everything. These goals can be anything, such as building an emergency fund (if you don’t have one yet). It can also be finding a debt solution in SA if over-indebted and unsure of how to pay everything off.

Stick to your budget

A detailed, realistic budget is the foundation of healthy finances. This budget should reflect your financial goals and provide a clear roadmap for allocating your monthly income. List all your income sources, break down your expenses, and set spending limits to motivate yourself to stick to your budget. Additionally, make sure enough money goes to your financial goals, whether it’s savings or debt repayment.

Get started

Here at Find Better, we offer solutions for managing money, overcoming debt, or boosting your credit score. We’ll help you set financial goals, starting with a free assessment.