How To Create A 10 Year Plan

tip yourtaxi driverif possible10 years may seem like a really long time, although it can pass very quickly. It’s hard to even imagine what your life will be like then.

However, having a 10-year plan can help you to make all the decisions you need to make today to get you to where you want to be in 10 years time and help you to clarify your most important priorities.

Your life is defined by the choices you make today.

Your 10-year plan doesn’t need to be as long as your arm, it just needs to be what you want your life to look like in the future and what you want to achieve.

Here are some definitions to help you:

Vision – the ability to think about or plan the future with imagination or wisdom

Purpose – a person’s sense of determination

Goals – the object of a person’s ambition or effort, an aim or desired result


Determine your priorities:

Firstly, work out what you want to have achieved 10 years from now – you can break this down into yearly goals or even 5-year goals.

Ask yourself;

What do you want to accomplish in life?

What kind of person do you want to be?

What is most important to you in life?

How would you like to be remembered?

You can assess what you want to achieve in the following areas:

  • Finances
  • Relationships
  • Self Development
  • Health
  • Friendships
  • Career
  • Generosity

Think about financial goals – how can you use the next 10 years of your life to move towards financial security?

  • Starting a pension
  • Saving more money
  • Asking for a promotion

Think about fun goals – where would you like to travel or what activities would you like to accomplish?

  • Skydiving
  • Travel the world

Think about family goals – would you like to have a family or if you’ve already started your family what are your goals for them?

  • Having a child
  • Saving money for your child’s education
  • Moving to a larger home


Use SMART goals

SMART is an acronym that you can use to create your goals. This means:





Time Bound

A goal is your ultimate destination. Objectives are the paths you need to take to arrive at that goal. Goal setting promotes a long-term vision and a short-term motivation.

You can also create a vision board to stay on track with your 10-year plan. You can use a frame or noticeboard and stick on pictures that identify your objectives. Place this board where you can see it every day so that you are reminded of your main goal and what you need to do to get there.

Hopefully, this post sends you on your way to building and creating your own 10-year plan! As always, let me know if this post has helped you by tweeting me at @BritOnABudget1 and telling me your goals!


How To Make A Budget The Easy Way

HOW TO MAKE a budget

Taking the time to create a budget can help you save £1,000s a year and keep on top of bills. By working out a budget, it can mean you are less likely to end up in debt or caught out by unexpected costs or money emergencies. This post will show you how to create your own personal budget, and how to keep up with it.

Step 1

  • Work out your outgoings (household bills, living costs, travel costs, leisure etc). The best way to do this is to look at your bank statements and work out an average amount for each category (don’t estimate it as this won’t work!)

Step 2

  • Work out your income. This includes extra income you make from surveys, a second job or hobbies.

Step 3

  • Cut back your budget. If you are spending more than you have coming in, you can solve this by cutting unnecessary spending such as buying lunch out or cancelling the gym membership you never use. You can also save hundreds of pounds on your bills by switching providers to a cheaper alternative.

Step 4

  • Keep on top of your bank balance. Alongside sticking to your budget, it is useful to check your bank every day so you are aware of any unexpected money going in or coming out your bank.

Step 5

  • Set a savings goal. This will keep you motivated to keep up with your budget and will also help you to build an emergency fund which will help you pay for unexpected emergencies.

I hope this post has helped to set you on your way to creating a budget!

Thanks for reading, tweet me @BritOnABudget1 any of your best budgeting tips!

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