Wednesday, 11 October 2023 - 12 minutes
DAZ TALKS TO TV PRESENTER KATY HILL
Drinking more water, start saving for a holiday and go on a diet… tomorrow are just some of the goals Brits are setting themselves.
Research out today found a quarter of adults set themselves what they consider unachievable targets. While in contrast, 37 per cent set the bar too low so they can easily achieve them, with 79 per cent of these finding smashing easy goals more motivating to tackle others.
The study by HSBC UK found so far in 2023, Brits have set themselves three long and short-term goals apiece – and 34 per cent have a financial plan in place. The most common goal which Brits are achieving is to be more positive – as 70 per cent who tasked themselves with this have overcome the challenge. Being available to see friends and walking instead of driving also ranked highly.
However, 70 per cent who have tried to drink less coffee have ultimately failed.
Financial goals are also prominent in the list, such as saving more for retirement, kickstarting their investing journey and going a day without spending a penny. The research found its money-related goals which are most likely to fall by the wayside, as 43 per cent claim unexpected expenses get in the way.
And for one in four of these, more pressing goals have cropped up meaning their fiscal aspirations had to be shelved.
These financial goals, on average, have been spread out over a five-year period, and 85 per cent of them are confident they will reach these goals.
Nearly half (45 per cent) are checking in on their financial plans every month or more, while 29 per cent are reviewing their progress biannually.
The study found 72 per cent have been working hard to build an emergency fund, with these, on average, saving enough to cover their expenses for at least 15 months.
TOP 25 GOALS BRITS ARE SETTING THEMSELVES