How To Set Financial Goals

We have dreams and desires that can only be achieve if you have financial capacity to achieve them. Setting financial goals is vital toward achieving your life big vision. The goals will help you track your progress on your way to achieving your life big vision.

How then do we set financial goals?

When setting your financial goals, you need to keep the following in mind.

Your goals should be measurable

When setting your financial goals, you need to clearly state what you intend to achieve, when to achieve and the action to take in order to achieve your goals.

Your goals Should be realistic

Create achievable goals. They should be challenging but attainable. Avoid going beyond what you know you cannot achieve.

Your goals Should be written down

Writing down your goals gives them life and they become more important when you see them on paper. writing down on paper gives you some commitment. if the goals are written down, you can refer any time you want and get to know the progress at a given time.

How to set financial goals that are easy to achieve

Setting financial goals is easy. Unfortunately, so many people are not able to work on them hence they give up even before they start working on them. Achieving your goals may be easier than you think. You just need to know how to work towards those goals.

If you want to achieve your financial goals, you need to do the following

Focus on your schedule of actions, not the goal deadline

Sometimes focusing on a deadline can make it seem like what you want to accomplish is so far away that you have plenty of time to get things done “later.” But then, all of a sudden, it’s so close that it’s too late to do anything.

When you focus on your schedule of actions for the big goals (that you’ve broken down into chunks and are tracking daily, weekly, monthly, or quarterly), you are more likely to do what’s required to accomplish your goals as a result of your consistent actions.

Focus on the actions, not the performance.

The actions you take carry more weight than the actual performance. Why? Well, the performance might not always be perfect, but the action you take consistently. (like budgeting, saving money on a schedule, making consistent payments towards your credit debt) will help you get better each time and improve your overall performance.

And that’s it. These two things can make all the difference when it comes to making those goals you’ve set super easy to accomplish.