Setting Financial Targets
Mortgage Quote Line
0845 108 0505
Setting Financial Targets
10. Set yourself targets, aimed at giving structure to your finances, and take steps to setting them in motion. Dependant on whether you are a borrower or saver, and on your life stage, you may have different aims and objectives.
Debtors getting towards retirement, or towards the end of paying their mortgage may aim to close both secured and unsecured borrowing at the same time. This means that all things you feel you may have to borrow for before that time should be taken into consideration, and the timescale set, making a concentrated effort to avoid further borrowing.
Savers may wish to set a timescale to see their savings and investments grow, and seek financial advice accordingly. Again, for example, those near retirement, worried about income in retirement may wish to begin making provisions for this, by seeking advice on low risk investment products, aiming either to put away a monthly amount, or to set aside a lump sum until retirement.
It may be the time to consider future life events, such as children’s weddings, education expenses etc, and set time, and amount of money you need to have for these events. Taking care of this now, may save stress and needing to borrow in later life.
| mortgages news |
|---|
| Brown says govt will help to pay mortgages - Thu, 04 Dec 2008 |
| Mortgage lenders fail to pass on rate cut, research finds - Thu, 04 Dec 2008 |
| Interest-only mortgages less popular, figures show - Thu, 04 Dec 2008 |
| More News |
Mortgage Rates by Lender 
Worried about Mortgage Repayments?
- Join our petition to Government to bail out burdened individuals, not just banks.
Free Mortgage Quote
Mortgages in Scotland
Equity Release
Switching Mortgages
Home Reversion Plans
Commercial Mortgages Arrears & CCJs?
Remortgages- Sub prime mortgages
- Arrears, CCJs
- Self certification
- Debt consolidation
Protect Your Mortgage