Plan Your Goal

 

Planning Your Goal refers to setting financial or personal objectives and creating a structured plan to achieve them. Whether it's saving for a house, retirement, education, or a dream vacation, goal-based planning helps you stay focused.

It involves:

• Defining the Goal – Identifying what you want to achieve.
• Estimating Costs – Understanding the amount required to reach the goal.
• Choosing Investments – Selecting savings or investment options that align with your timeframe and risk tolerance.
• Tracking Progress – Regularly reviewing and adjusting the plan to stay on track.

Financial institutions offer Goal-Based Investment Calculators to help estimate how much you need to save to reach your target.