Your wishes can turn into achievable goals if you create a plan. Hedeker can help you identify your goals and make a financial plan for a more stable future.

Wishes turn into goals through the power of financial planning, and it takes time, but don’t worry: take it step by step.

Think Big! There are short-term goals:

• Make a budget.
• Devise a plan to eliminate or avoid debts.
• Start saving for an emergency fund, covering three to six months of basic expenses. Make a plan to finance university studies.
• Build a credit history.
• Make a car purchase.

Medium-term Goals:

• Buy a house.
• Plan a wedding.
• Prepare for the birth or adoption of a child.
• Save for your advanced studies.
• Prepare and execute a will, power of attorney, and a letter of instruction.

And Long-term Goals:

• Provide your children with a university education.
• A dignified retirement.
• Capital for your own business.

Having specific saving and investment goals gives you something to strive for and makes it easier to stay focused.

Once you’ve set your financial goals, the next step is to find the means to achieve them by creating a budget. A budget will help you understand how you should use the money that comes in each month. Some categories, like rent and loan payments, are easy to identify. Others, like entertainment, are harder to track. Either way, you need to be aware of where your money is going. Don’t forget to set aside money to meet your goals. Challenge yourself to save and invest at least 10 to 15% of your gross income, the money you receive before taxes are deducted.

Now that you’ve identified your financial goals and determined your budget, the next step in developing your financial plan is to protect yourself against the unexpected. This step begins with a review of what emergency funds are and the importance of insurance. These foundations help you protect yourself in case an unexpected event threatens to prevent you from achieving your goals.

An emergency fund can counteract the effects of a damaged phone, a broken-down car, or an emergency trip. You should set aside enough money to cover three to six months of basic expenses. This money should be kept safe in an account where you can easily withdraw it because you never know when you’ll need it. As it takes time to save three to six months of basic expenses, make it one of your priorities in your list of financial goals. If you can’t gather this amount right now, start with whatever you can. You never know when you’ll need it, but it’s most likely that one day it will get you out of trouble.

Your financial plan, like any other real-life economic matter, is subject to change. That’s why we will help you review your finances annually and when significant events occur in your life.