Money Saving Tips as Part of your Long Term Financial Plan

Oct 16, 2015 | Financial Planning

As part of an ongoing, long-term financial plan it is important that you develop good saving habits. In this post, we look at ideas that give you a true picture of your finances, and how you can utilise good savings practices to make your long-term financial goals a reality. Read on.


If you do not have a planned budget, start one straight away. Providing you record and list your income and expenditure honestly for the month, you will have a very clear picture on where your money goes month in month out. It is a good idea to take this one step further by separating your expenditure into necessary and luxury. From this point, you can look at the luxury items and decide what can be cut.

Financial Planning and your Long Term Goals

To achieve your long-term goals financially, it is important that you implement proper financial planning. This will show you how much you need to save every month, and give you a target to work towards. So, if you want a fund to pay for your children’s university education, it is important that you have right financial planning advice from the beginning. Obtaining a clear picture of your financial goals is extremely important.

Food Shopping

Most people would agree that bulk buying of food works out cheaper than a weekly shop. Although there is some truth to this, it is worth keeping an eye out for special offers, especially where more expensive items are concerned. This can save you quite a bit of cash, in the long run, so if you are going to bulk shop, keep in mind that you could actually be costing yourself money, rather than saving it.


As well as taking advantage of bargains, work out how much you’re spending on your meals. What you thought was a cheap meal may surprise you, and you can adjust your diet to free up some cash for your long term goals.


If you have debts, try and pay off the one with the highest interest rate first. Over the long term this will cost you less as the interest rates can and will cost you a lot of money.

Seek Professional Financial Planning

Seeking sound financial advice is the first and most important step to achieving your long term goals. My award winning services are impartial, and as such can take a whole of the market view for your finances. Together we can work out the best financial plan for your long-term goals. This, combined with the advice outlined in this blog, we will make your financial goals a reality. Contact me here or complete the Callback Service form on this page to get started.

Source: Good Housekeeping

For more information, please contact Michele Carby at Holborn Asset Management on +971 50 618 6463 and on e-mail at [email protected]


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