Whatever your goals, a regular savings plan is the first step to meeting those goals.

To achieve any financial goal: – You must spend less than you earn.

The easiest way to “spend less than you earn” is to “pay yourself first”.  This means you set aside a portion of your salary for yourself as savings before you pay anyone or anything else such as bills, groceries, etc.

How do you do this?

• Set up a separate savings or investment account.

When your salary hits your regular account, have a certain amount re-directed automatically into your savings or investment account. Then do NOT touch the savings/investment account until you have reached your goal.

You may also choose to have different accounts for different goals.

How much can I afford to pay myself? – Use the MoneySmart budget tool.

If you would like advice on the best strategies to help you reach your savings goals, contact Heathmont Financial Services today for a free initial consultation.