Tips on how to achieve your financial goals

While planning your finances, it is essential to start off with small investments. Small investments help to reach small milestones, thus trigger to save further and automate the bigger plan. Achieving your financial goals within the time span may at times be difficult but not impossible.

Here are a few ways on how to set goals and achieve them

Frame a detailed plan- Self-analyse yourself and decide a time frame for your goal to be accomplished. The tenure for financial goals should be flexible as we are not aware of what the future has in store for us. Have a long-term and a short-term goal as well.

Chalk out a realistic plan- Be realistic when you prepare a plan to achieve financial goals or you may end up setting aside your entire income as investments. Have small beginnings, accomplishing which will motivate you to go for the bigger ones.

Automate your savings from your bank account- Automating savings will inculcate a habit of spending wisely about what you need and not what you want. Allocate a certain amount for your goal and automate your deductions thereby locking your moves towards your financial goals.

Keep your funds invested- It can be very tempting to spend available funds, but proper investments can help you achieve your short-term goals easily. Like some may have a short-term plan of a trip to a nearby foreign country or owning an elegant piece of jewellery that you have been eyeing for your special day. These short-term financial goals can be easily available with the help of flexible recurring deposit like iWish.

Ways how iWish can help you achieve goals

iWish is a flexible recurring deposit for Savings Account holders of ICICI Bank without any extra fees. This is one of the best investments where you can select your goal, fix the amount you wish to set aside for your dream and select a tenure for the investment.

iWish RD gives you the flexibility to save any amount at any time and achieve your goals effortlessly.

To conclude

Achieving goals is a matter of planning. You can also look for different investment trackers like ICICI Bank Recurring Deposit calculator that help you track the current interest rates on RD. These trackers also help you to know the amount that needs to be invested for achieving your financial goals.

DISCLAIMER

The contents of this document are meant merely for information purposes. The information contained herein is subject to updation, completion, revision, verification and amendment and the same may change materially. The information provided herein is not intended for distribution to, or use by, any person in any jurisdiction where such distribution or use would (by reason of that person‘s nationality, residence or otherwise) be contrary to law or regulation or would subject lClCl Bank or its affiliates to any licensing or registration requirements. This document is not an offer, invitation or solicitation of any kind to buy or sell any security and is not intended to create any rights or obligations. Nothing in this document is intended to constitute legal, tax, securities or investment advice, or opinion regarding the appropriateness of any investment, or a solicitation for any product or service. Please obtain professional legal, tax and other investment advice before making any investment. Any investment decisions that may be made by you shall be at your sole discretion, independent analysis and at your own evaluation of the risks involved. The use of any information set out in this document is entirely at the recipient's own risk. The information set out in this document has been prepared by ICICI Bank based upon projections which have been determined in good faith by lClCl Bank and from sources deemed reliable. There can be no assurance that such projections will prove to be accurate. lClCl Bank does not accept any responsibility for any errors whether caused by negligence or otherwise or for any loss or damage incurred by anyone in reliance on anything set out in this document. The information set out in this document has been prepared by ICICI Bank based upon projections which have been determined in good faith and sources considered reliable by lClCl Bank. In preparing this document we have relied upon and assumed, without independent verification, the accuracy and completeness of all information available from public sources or which was provided to us or which was otherwise reviewed by us. Past performance cannot be a guide to future performance. 'lClCl ' and the 'I-man' logo are the trademarks and property of lCICl Bank. Misuse of any intellectual property, or any other content displayed herein is strictly prohibited.

While planning your finances, it is essential to start off with small investments. Small investments help to reach small milestones, thus trigger to save further and automate the bigger plan. Achieving your financial goals within the time span may at times be difficult but not impossible.

Here are a few ways on how to set goals and achieve them

Frame a detailed plan- Self-analyse yourself and decide a time frame for your goal to be accomplished. The tenure for financial goals should be flexible as we are not aware of what the future has in store for us. Have a long-term and a short-term goal as well.

Chalk out a realistic plan- Be realistic when you prepare a plan to achieve financial goals or you may end up setting aside your entire income as investments. Have small beginnings, accomplishing which will motivate you to go for the bigger ones.

Automate your savings from your bank account- Automating savings will inculcate a habit of spending wisely about what you need and not what you want. Allocate a certain amount for your goal and automate your deductions thereby locking your moves towards your financial goals.

Keep your funds invested- It can be very tempting to spend available funds, but proper investments can help you achieve your short-term goals easily. Like some may have a short-term plan of a trip to a nearby foreign country or owning an elegant piece of jewellery that you have been eyeing for your special day. These short-term financial goals can be easily available with the help of flexible recurring deposit like iWish.

Ways how iWish can help you achieve goals

iWish is a flexible recurring deposit for Savings Account holders of ICICI Bank without any extra fees. This is one of the best investments where you can select your goal, fix the amount you wish to set aside for your dream and select a tenure for the investment.

iWish RD gives you the flexibility to save any amount at any time and achieve your goals effortlessly.

To conclude

Achieving goals is a matter of planning. You can also look for different investment trackers like ICICI Bank Recurring Deposit calculator that help you track the current interest rates on RD. These trackers also help you to know the amount that needs to be invested for achieving your financial goals.

DISCLAIMER

The contents of this document are meant merely for information purposes. The information contained herein is subject to updation, completion, revision, verification and amendment and the same may change materially. The information provided herein is not intended for distribution to, or use by, any person in any jurisdiction where such distribution or use would (by reason of that person‘s nationality, residence or otherwise) be contrary to law or regulation or would subject lClCl Bank or its affiliates to any licensing or registration requirements. This document is not an offer, invitation or solicitation of any kind to buy or sell any security and is not intended to create any rights or obligations. Nothing in this document is intended to constitute legal, tax, securities or investment advice, or opinion regarding the appropriateness of any investment, or a solicitation for any product or service. Please obtain professional legal, tax and other investment advice before making any investment. Any investment decisions that may be made by you shall be at your sole discretion, independent analysis and at your own evaluation of the risks involved. The use of any information set out in this document is entirely at the recipient's own risk. The information set out in this document has been prepared by ICICI Bank based upon projections which have been determined in good faith by lClCl Bank and from sources deemed reliable. There can be no assurance that such projections will prove to be accurate. lClCl Bank does not accept any responsibility for any errors whether caused by negligence or otherwise or for any loss or damage incurred by anyone in reliance on anything set out in this document. The information set out in this document has been prepared by ICICI Bank based upon projections which have been determined in good faith and sources considered reliable by lClCl Bank. In preparing this document we have relied upon and assumed, without independent verification, the accuracy and completeness of all information available from public sources or which was provided to us or which was otherwise reviewed by us. Past performance cannot be a guide to future performance. 'lClCl ' and the 'I-man' logo are the trademarks and property of lCICl Bank. Misuse of any intellectual property, or any other content displayed herein is strictly prohibited.