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New Financial Year
Financial Goal Setting

Blog | Three Financial Goals for the Year Ahead

Simon Curtain
Partner/Private Client Adviser
8 Jul 2021

Each New Year many people set goals for the year ahead. ‘Exercise more’, ‘lose weight’, ‘drink less’, we all know the score. But with the new financial year upon us, what about setting some financial goals for the year ahead? 

Goals such as ‘reduce debt’, ‘save more’ or ‘pay off the credit card’ can be very important when planning your finances. 

Here are three goals to consider over the next year: 

Review and monitor cash flow 

The key to reducing debt or saving more is to look at your cash flow.  If your credit card debt is increasing, then you are spending more than you receive. Set yourself a goal to track spending for a month. After this you can review where your money is going – you may be surprised to see how quickly those coffees and lunches add up! 

Review your insurance; are you protected? 

If you do not have insurance cover, is this a problem? Have you protected yourself and your loved ones from financial risk? If you already have insurance in place, is it the right amount of insurance, with the right providers? A specialist Insurance Adviser, like our very own Marcus English, can determine the right insurance cover for you and implement the right mix. 

Don’t forget about superannuation 

Putting a little aside now can add up over a long period of time. If you are working, you would have 10% of your wage paid to your superannuation fund, which came into effect from July 1, 2021. Is this enough? Did you know you can add more to your super account each year? Even an additional $20 per week would equate to $1,000 of superannuation over a year – meaning more money for you in retirement. 

These three simple finance goals could put you on the path to financial independence.  If you feel like you are delivering on all of the above and looking to amplify your wealth accumulation or invest on a larger scale, perhaps it’s time to book a discovery call with one of our experienced financial advisers. You can book your discovery call HERE. 





Hewison Private Wealth is a Melbourne based independent financial planning firm. Our financial advisers are highly qualified wealth managers and specialise in self managed super funds (SMSF), financial planning, retirement planning advice and investment portfolio management. If you would like to speak to a financial adviser on how you can secure your financial future please contact us 03 8548 4800, email info@hewison.com.au or visit www.hewison.com.auPlease note: The advice provided above is general information only and individuals should seek specialised advice from a qualified financial advisor. The views in this blog are those of the individual and may not represent the general opinion of the firm. Please contact Hewison Private Wealth for more information.