Visual to support the planning of a financial life cycle.
2 SMART Goals A goal is an idea/purpose/aim for the future that you plan and commit to achieve.
You need to be able to achieve your goals. You need to be SMART in order to be successful.
Goals strive to make your dreams come true but often you will need cash to fully realise them. Attaining cash requires sound financial planning so, it is important that you write your goals down. Research has shown that people who write down their goals are more likely to achieve their dreams.
Goals should be SMART:
Specific – What? Why? And how? Use action words to describe these goals. Can you write down your goals? Do you want the big house, the car, etc.?
Measurable – To see change occur you must set a target which can be evaluated. Are you able to measure your goals?
Attainable – Your goals need to be achievable.
Will you achieve them? Perhaps you need to rethink some of your goals. Realistic – Means able to achieve. Are they realistic?
long term (greater than five years).Timely – Goals should have a time frame, e.g. short (one year), medium (one to five years) and What’s your time frame? When do you hope to achieve your goals?