Goal-based saving: The path to financial independence

If you are new to setting financial goals, start by listing all your objectives, including the smaller ones.

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Saving is a positive step in your journey towards financial independence. However, saving without a predefined target can feel daunting due to the lack of motivation to achieve a specific “goal” within a set timeframe.

Goal-based saving aligns a purpose with a financial target—in this case, the funds required to fulfil a savings or investment objective.

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Note: The results are not exact but very close to the actual.