5 Steps to ensure your financial goals are on track

Priya Naicker Good intentions can be like rainbows. Clear and bright one minute, faded and forgotten the next. In fact, some surveys suggest that only 20% of people stick to their New Year’s resolutions past February each year. While it’s possible to quick-fix fitness or social commitments, allowing your money goals to slip can have a significant negative impact on your current and future financial wellbeing. To be fair, you may not have anticipated the impact of a 1% increase in VAT, or an 82 cents increase in the petrol price. Rising prices can make it harder to stay on track. Yet according to Priya Naicker, Advice Manager at Old Mutual Personal Finance, making financial planning a part of your lifestyle can help overcome the challenges associated with fluctuating prices and uncertainty. In much the same way that an academic report card can identify strengths as well as areas in need of improvement, having a financial plan that you regularly review can help do the same for your...