You made a financial New Year’s Resolution. Fantastic! Here we are in week 2 of the new year. How’s it going? If you haven’t really figured out how to accomplish that resolution yet, you need a S.M.A.R.T. goal!
S – Specific: Be specific about what you want to accomplish. Instead of saying you want to pay off debt or save money, commit to how much debt you want to pay off, or how much money you want to save.
M – Measurable: How will you measure your progress, so that you know when you’ve successfully achieved your goal?
A – Achievable: Make sure your specific goal is achievable in the time frame you’ve given yourself, and that you have the tools needed to achieve it!
R – Relevant: Why is this goal important to you? This is vital, because it will keep you strong, during moments of weakness.
T – Time-Bound: Set a date for when you will achieve your goal.
Take the time to think through your S.M.A.R.T. goal and make an action plan!
A budget can be a huge help in this process, as it will help answer if your goal is achievable and when you can achieve it. It will also help measure your progress!
Good luck, and here’s to hitting all your goals in 2020!