How to Set Financial Goals for Your Future in 2025

Setting financial goals is like determining the destination before starting a journey. It’s essential to set goals to invest right. Let’s decode how to do so.

Identification

Identify the financial goals that you have. These can be saving up for a down payment for a home or car, child planning, retirement, etc.

Prioritise

List your goals in ascending order, i.e., which ones are to be met first and which can be delayed. Categorise your goals as short, mid or long-term.

Quantify

Find out the corpus needed for each goal. For instance, if you want to save for a down payment, assess how much corpus would be needed.

Invest

Once your goals are fixed, you can start saving towards them. Choose the right investment avenues based on your risk appetite and investment horizon.

Review

Review your financial goals regularly to ensure you are on the right track. If there are deviations, you can correct them sooner for optimal management.

Plan for your goals effectively in 2025. For investments, choose IDFC FIRST Bank’s investment solutions and invest in different assets seamlessly.