S.M.A.R.T Financial Goals
If you are keeping up with the Newsletters, you know that last week we decided to open up the New Year by presenting you with the “S.M.A.R.T.” tactic; a great tool that you can use as a guide when setting your goals for 2011
The aim is to set good financial goals. You will want to write them down, consolidate and refine them, prioritize them, make them measurable, and keep them visible. Set good goals and keep them in front of you—you’ll be surprised at how much more productive and focused you’ll feel as you start living with a clearer purpose.
The second common denominator of all good financial plans is a spending plan (i.e., budget). You may not like it, but it’s an absolutely essential tool for everyone. Without a spending plan, you cannot implement saving and investing strategies because you don’t know if you have any extra money to save or invest.
Keep an eye out for next week’s newsletter about priorities!
Don’t procrastinate! Just sit down and get started. It does not have to be perfect, nor does it need to be complete. You will find things along the way that will need to be added and/or changed; that is ok. The most important thing is that you make a set PLAN.
“Failing to plan, is planning to fail.”
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