Setting SMART Financial Goals for the New Year

What are financial goals?

Financial goals are the targets you set yourself to achieve certain things with your money and form a crucial part of your overall financial plan.

These goals are often tied to life events and personal objectives, such as living debt-free, creating a “safety net” of savings, buying a car or a home, paying for a wedding, starting a business, starting a family, travelling, or retiring.

What’s a SMART goal?

SMART stands for Specific, Measurable, Achievable, Relevant, and Time-sensitive. The aim of setting a SMART goal is to ensure that what you’re trying to achieve is aligned to each of these standards.

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