56% of people say improving their financial situation is their prime motivator, according to a recent poll. Yet, of those who made money-related new year’s resolutions for 2024, 80% had given up by the end of April!
As we start following our resolutions, how can we stop ourselves falling into the same old pattern? Below, we’ve shared six helpful tips for sticking to money-related resolutions, not just for 2025, but for the longer-term.
The main blocker to achieving financial goals is often setting unrealistic targets. Your financial planner can help you set clear, measurable goals that are easier to track and achieve.
Your financial planner can help with cash-flow modelling – a complex stats-driven analysis of your finances — to provide a clear picture of where your current and future economic situation. With this at your disposal, you can effectively fine-tune your strategy to align with your goals. We help and advise along the way, should your financial situation change.
Automatic transfers into savings or investments can help you achieve your financial goals without too much thinking. Consider using ISAs and JISAs to save regularly for yourself and your children. Your financial planner can help you pick which ones are right for you.
Financial success doesn’t happen overnight. Be patient and stay committed to your goals. Remember, consistency is key – especially when markets can be somewhat unpredictable.
The rate of return on your savings makes a major difference to long-term wealth. The key is to find an investment strategy that is right for you, based on your investment preferences, appetite for risk and long-term investment goals. Your financial planner can share a range of investment options, including funds, model investment portfolios, and personalised investment strategies specifically tailored to you
You can contact us by phone, email or simply complete the online form and our team will be in touch with you soon.
This financial promotion was approved by Quilter Cheviot Limited on 07 January 2025.
The value of your investments and the income from them can fall and you may not recover what you invested.
