Here's why goal-based investing is important

Wants are unlimited but money in hand is limited! We want to buy a lot from the limited kitty we have but are left frustrated due to our endless list of desires.

If your shopping list is ready before your salary is credited, then you need to be careful. It may have an adverse impact on your future goals.

Whether it is a holiday abroad, children’s higher education or a summer home – you can achieve the goal with proper planning.

To reach your desired goal, it is imperative that you have a ‘money plan’ and embrace financial discipline.

Shweta Jain, founder of Investography, says that it is easy to spend and difficult to save. For this, you have to trick your brain into believing that in saving f and later spending. Once you get used to this habit, you will be able to fulfill many big dreams going forward.

Goal-based investing is the key that prepares you for future expenses. But it is not that once the goals are fixed, then it cannot be changed.

Change your plans — instead of commuting by car, you can take your bike to the office every day. If you want to reduce your expenses due to salary cut, then you can also modify your goals.