HOw Do I set Financial Goals?
Budgeting? Is that a dirty word?
To set any kind of goal, whether it be financial, or related to other parts of life follow these three simple steps….
A. Work out what you want
As in, when you think of your finances, what is it you want to achieve. For example, “I want to own my own car”
B. Work our where you are
Do some research and be honest with yourself about where you are right now.
I've saved $500, banks will
loan me $5k on my current
pay. I want a car for $7k -
I am $1500 short. Need to save, or choose a cheaper car
C. Set S.M.A.R.T. goals to get from B to A
Some goals are SMART, others; not so much.
Learn about the difference, and set SMART goals to reach your financial destination.
What makes a SMART goal?
Setting goals and sticking to them can be a tricky habit to develop. If you want some assistance sticking with your goals, and think you would benefit from working with one of our mentors on this, CONNECT now.