Goals are the foundation of your financial plan.
They help chart the course for your investments, daily habits, and your money outlook.
But sometimes, your goals can start to feel too comfortable and you lose excitement and momentum toward reaching them.
We want to help you change that.
Your financial goals shouldn't remain idle—lying dormant on a piece of paper or planning software. Instead, your goal-setting journey should be active and purposefully drive you forward while also informing your daily choices.
The trick? Adhere to SMART guidelines for personal financial goals.
What are SMART goals and how will this strategy transform the way you approach your money?
Here's everything you need to know about SMART guidelines for personal financial goals.
Breaking Down The S.M.A.R.T Acronym
Daydreaming about your goals is just phase one.
You can talk the talk all day long but with your goals, it’s also important to usher in phase two: walk the walk.
SMART goals can help you do that. They bring intention, purpose, and meaning to each goal you set. Let's take a look at what each of these letters means.