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Opportunity Banka A.D. Novi Sad
Bulevar Oslobođenja 2A
Novi Sad
Tel: +381 21 530 111, 530 024

 

Step 1Set your goals

It is very important to first sit down with your household members and decide what is most important to you when it comes to money. Once you define these goals, we advise you to put them in writing, which will give greater weight to this plan, and make it harder for you to forget about it.

Start with your short-term goals, which you can achieve by saving up over the course of a year. For example:

GOAL: Repay your overdraft limit (on your credit card) in order to get rid of that eternal debt which never seems to go down, despite you paying it off each and every month.

GOAL 1 TOTAL AMOUNT FINAL DATE No. OF MONTHS NEEDED MONTHLY
Credit card debt 26.000 RSD March 2018. 12 2.167 RSD
 
GOAL 2 TOTAL AMOUNT FINAL DATE No. OF MONTHS NEEDED MONTHLY
Car registration renewal 21.500 RSD March 2018. 12 1.792 RSD
 
GOAL 3 TOTAL AMOUNT FINAL DATE No. OF MONTHS NEEDED MONTHLY
Save up for a rainy day 24.000 RSD March 2018. 12 2.000 RSD

You can even set multiple goals, but in that case you need to add them up to get your goal amount.

In order to better motivate and discipline yourself, start with attainable goals and smaller sums. If your goal is to buy a new TV or a bicycle, you can cut out the picture of the desired model and put it up somewhere visible, like pinning it on your refrigerator with a fridge-magnet – that will provide you with the motivation to persevere until you reach your goal. Once you achieve these first real goals, you can set goals that might take a bit longer to attain, but by then you’ll already have practice setting aside money for your savings on a regular basis.