Chapter 4. Practice setting SMART financial goals

This chapter will allow you to use practical and fun tools to practice setting SMART financial goals.

 

How to

Identify and list objectives

You can use "The priority pyramid" below to identify your goals. Of course, you can create one of your own.

 

Write and prioritize them

Next, you have to write down your goals. Think of goals that you put in writing as dreams with deadlines. It helps you stay committed once you have written them down. These goals can be in any area in your financial life cycle: Earning, Saving, Spending, Borrowing and Protecting.

 

 

As you write down each of your SMART financial goals, it is imperative to answer these questions:

1. What can I do?
2. What resources do I need?
3. What is the plan?

 

Practice

Let's practice writing your own SMART goals step by step! 

Now that you know how to practice setting SMART financial goals, think of paying it forward and share your real life information with a friend or a family member.

 

Congratulations! You can move on to Chapter 5. Ways to commit to and achieve goals

To review the full module on SMART goals, click here.