My financial goals

Defining your goals and objectives and putting them into a framework of short, medium and long term is the first step in drafting a financial plan.

With clear goals and an understanding of your capacity for risk, you can make the most appropriate investment decisions for each stage of your investing journey.

Why is a financial plan important?

Financial planning:  a case study

A short case study from the Financial Planning Association Australia.

Do you have enough saved for your financial future? Check out this video from FPA.

About financial planning

If you could achieve your financial goals by simply putting money in the bank you wouldn't need a financial plan. Unfortunately life is a little more complex.

Explore the Financial Planning Association of Australia website to learn more about what to expect from the financial planning process.


Setting financial goals

Identifying your goals

Check out FPA's information on making sure you have the right goals for your stage of life!

Steps to setting financial goals

Goals are simply things that you decide you want to achieve in a certain time frame. Time frames for your goals are an important factor in deciding which investments are suitable to help you reach those goals and they will often depend on your stage of life.

Here is a table with a logical framework of time frames - your goals are specific to you, so use the table as a guide only.

Choosing investment goals

You can't choose the right investment strategy until you're clear about your investment goals and timeframe.

Setting financial goals

Setting meaningful financial goals may be the smartest thing you do that will provide you with financial security and freedom in the future. Learn more about setting financial goals.


How do I turn my goals into a plan?

Writing a financial plan

Whether you choose to DIY or consult an adviser, it's important to know what's involved in a financial plan. (ASA content coming soon)

12 Tips to organise & manage your finances

Having a financial plan in place is key to creating a better financial future.

Develop an investing plan

ASIC's Moneysmart says that putting a plan together involves developing strategies and choosing the right investments.

Eight steps to create a DIY financial plan

A simple approach from Switzer Daily to help you create your own basic financial plan.