Now that you have set your goals, it's time to look at your current financial situation.
Evaluating your income and expenditure is an effective way of understanding how you could make the most of your money.
When reviewing your income remember any bonus or overtime payments you may receive, as well as your standard salary. Any pensions and other sources of revenue should also be taken into account.
For expenditure, don't just consider your day-to-day outgoings such as your mortgage and bills, but also include your longer-term commitments, like car lease repayments or loan repayments, and money you spend on holidays, hobbies and entertainment.
Being honest about your finances will allow you to understand if you should save and invest or improve your budgeting and spending habits.