ARTICLE - HOW TO SET YOUR FINANCIAL GOALS

A financial goal is a plan you have set for your money. Financial goals are savings, investment or spending targets you hope to achieve over a set period of time.

The stage of life you’re in usually determines what type of goals you wish to achieve.

Examples of Financial Goals

- Building an emergency fund 

- Paying off debt 

- Saving for a house 

- Saving for a vacation 

- Saving for retirement 

- Starting up a business, etc.

HOW TO SET A FINANCIAL GOAL

✔ Decide the goal you wish to pursue. Ensure the goals are specific, measurable, achievable, relevant and timely. 

✔ Choose the time frame. 

✔ Create a budget for achieving this goal. 

✔ Stay committed. 

✔ Measure your progress.

Have you ever set a financial goal before and did you achieve it?

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