is to set a goal. Start by thinking about what you want to save for, a dream holiday in the short term or buying your second home in the long term. The important thing to remember is every dream is achievable with a plan and dedication. Estimate how much money you'll need for each goal and how long it might take you to save. Then you can work backwards to see how much you need to contribute towards your future goals each month.
After your essential expenses, your goals are likely to have the biggest impact on how you allocate your savings. For example, if you know your car insurance is shortly up for renewal, you may automatically start preparing how to pay for the renewal cost, or likewise, ifis fast approaching, you may start saving towards buying gifts. You can apply these same prioritising principles to your financial goals, both short and long-term, such as buying a second property or retiring comfortably.