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Be SMART About Money Plans
Chart financial goals on a path to stay focused and motivated
Achieving financial success starts with a clear roadmap, guided from the start by SMART goals to save for a house, pay off debt or build an emergency fund.
Standing for Specific, Measurable, Achievable, Relevant and Time-bound, SMART goals help break down ambitious objectives into actionable steps. They create a framework to map financial journeys, track progress and stay motivated on the way toward financial security and freedom.
Jaaziel Palacios, financial client associate at Advocacy Wealth Management, and money experts at Experian, a consumer credit reporting company, looked at how SMART goals lay out the path for financial success.
Paths to Financial Success Start With a Map
Setting financial goals at the start of the year gives direction and motivation to improve finances.
“You come in with a fresh start, wide eyes and goals for the new year,” Palacios said. “SMART goals are the roadmap to turn those goals into reality, especially in finances.”
According to Experian, creating a realistic plan to conquer goals is the key to making progress.
