Step two: Looking ahead - where do I want to be?
"My goals? Well, short term I'd like to fix my car so
it doesn't feel like it's about to take off on the motorway. Long
term, I'd love to take my partner to Samoa. Now I have to
figure out how to do both ..." Nicci, Account
Co-ordinator
Honeymoons, holidays, new car, kitchen renovations, kids' school
fees ... everyone's goals are different. It's important to
structure your budget so you're able to cover off immediate costs -
like car repairs - while saving for long-term goals, like buying a
house.
Step one: Getting started - where am I
today?
You've collated all your expenses and worked out your
budget. Now it's time to think about what you're saving
for.
Click on the below links for Westpac's tips on how to save
for specific goals:
Are you planning to buy a
house?
Are you moving into a new
flat?
Are you starting your first
job?
Do you want to buy a car?
Are you studying?
Are you heading overseas or on
holiday?
Are you getting married, or planning
a family?
Think about these goals in monetary amounts.
Calculate how long will it take
Click here
to
calculate how much you will need to save to achieve your
goal.
Simply fill in the fields for a quick-fire calculation on how much
you'll need to put aside per fortnight to achieve your goal by a
certain date.
Watch the video
Click here
to watch Nicci,
Marina and Rae discuss their budgeting tips.
Talking Money Sense budgeting links:
Step three: How can I make sure I stick to my
budget?
Click here
for
Westpac's online budget tutorial.
The content of Talking Money Sense is general in nature, is
designed for information purposes only and is not intended to
constitute financial or other advice. Information is subject to
change. Westpac New Zealand Ltd.
