Set S.M.A.R.T. Financial Goals
As you establish financial goals, consider making them S.M.A.R.T.
S – Specific
M – Measureable
A – Actionable
R – Realistic
T – Time-bound
Creating goals using these guidelines can help ensure that what you're working towards is achievable. Giving yourself a timeline for reaching your goal is a huge motivator to stay the course.
If you don’t have a set destination to work towards, it can be hard to find the passion or drive to save. Whether it’s a car you’ve been eyeing, a house, or retirement, carefully defining these goals and figuring out how much you’ll need to save can help you craft a plan for getting there.