Financial Planning

There are two types of Goals:

• Short-Term Goals

• Long-Term Goals

Goals should be based on the concept of S.M.A.R.T:

Specific – Be very specific when goal setting. What exactly needs to be accomplished and why? 

Measurable – The ability to track progress. Determine what steps need to be taken to achieve the specific goal and what success will look like. 

Attainable – After setting the goal, make sure it is doable with available resources. Look to see if the action steps that will be taken will really assist in reaching the goal.

Realistic – Determine whether the goal is really something that can be committed to.

Timely – Make sure a deadline is set for each goal. You may also determine when action(s) need to be taken.