Well, lahat naman tayo nagseset ng goals every new year but
here is the thing, only few gets to achieve their goal. Why? The answer is
simple. Wag ka ng tumingin sa iba o sa kung ano ano. We are the only reason why
we fail to achieve our financial goals and it all boils down to our lack of
discipline and decisiveness to win.
Now, before we talk about anything else, the main goal of
this post is to help you set smarter goals. Meaning, these goals are realistic
to who you are and what you can do. Goals that we can achieve before 2020 ends.
I used the SMART Goal format and related it setting
financial goals. I believe that in setting financial goals, we have to systematic.
Kadalasan kasi bara barang pagseset lang ng goals kaya ayan tuloy, 2020 na wala
ka pading progress.
We are not here to judge, lahat naman tayo may mga issues
when it comes to achieving our goals and handling our finances. Acknowledging
them is a good start and today is the day to do something about them.
SMART Financial Goals
The main goal of this SFG or Smart Financial Goals is
simple, and that is for you to achieve the goals you will set. But how? Let us
start breaking down what makes SFG.
Specific – You need to have specific goals.
Being financially well is not a specific goal. We need to see the numbers.
Are you saving up for an emergency fund? Paying off debt? Regardless of what that is, we need to see how much. An SFG needs to have a clear price tag
or else, it will just be another vague goal that you failed to achieve.
Guide Question:
What are my goals?
How much is my goal? State whether if the amount indicated
is the full amount or partial amount only.
Example:
Emergency Fund: Php100,000
Car Fund: Php100,000 – 50% of the goal
Measurable – You need to know how much money
you will dedicate to your goal every month or every time you receive your salary.
Unless you have a specific measurable commitment, you will not be able to
accomplish it.
For example, you will dedicate Php1,000 to your savings.
That way, you will know if you are able to fulfill your commitment and you will
be able to make up for it when given the chance, if in case you failed to meet
your declared commitment.
Guide Question
How much money should you set aside per payday?
How long will you keep that commitment before achieving your
goal?
Achievable – It is important that you set big
goals, still, you need to set goals that you know you can achieve. Sometimes,
setting too high goals and failing can cause discouragement. At the same time,
it robs the joy away from little wins. Life is not just about getting your goals;
it is about being in the moment and being happy for the things you have and
motivated for the things you do not have yet.
Guide Question
Are you able to set aside your stated amount of commitment
on a monthly or per paycheck basis?
Is it going to compromise your budget for your needs and
other goals?
Relevant – The goal should be realistic. You
cannot set a goal that is not in line with your reality. For example, you cannot
and should not set a travel goal abroad if you are drowning in debt. You should
not commit to buying a car when you do not even have the budget to pay for it
monthly and to afford gas and maintenance.
Guide Question
Do I need this goal?
Is this in line with my purpose and priorities?
Will it honor God?
Does my spouse agree to this goal (for married people)
Timely – You need to set a timeframe for your goals. If you
will not set a timeframe, you will not be able to achieve it. You will just
keep on procrastinating and you will be surprised, a year has passed already
and you haven’t achieved or made significant progress with your goal.
Guide Question
Given the budget I have, will I be able to achieve my goal
on or before December 31, 2020?
If yes, State the month and the date when you believe you
can achieve your goal.
If not, specify what you can achieve before December 31,
2019 and make sure you meet that.
This is just a basic life skill that you need to have but
can make important changes in your life. If you set the wrong goals, it will
prevent you from growing towards the right path.
I do not know who you are or where you are in life, but I care
for everyone deeply and I do not want you to put so much effort in making a
progress in your life only to find out you did not make any progress.
We all need help, and if you want to talk to someone or to
get help in planning your goals for 2020, feel free to reach out in my Facebook
page by clicking the link below:
Or by sending me an email to theprudentmillennialph@gmail.com.
Comments
Post a Comment