Financial goals must specific,
measurable, achievable, relevant, and time-bound. It can be classified in terms
of two criteria.
Time of Goal
Financial
security doesn’t happen by accident; it requires Planning and Target. Setting
clear financial goals is the first step in taking control of your future. With distinct
goals and Practical steps, you can create a ground plan to build a stable &
secure future.
Financial Goals is a stepping stone toward
financial freedom. It helps you make smarter decisions. It comes in all shapes
and sizes, from short-term objectives to long-term objectives. Here we’ll guide
you through the process of setting and achieving short, mid, and long-term
financial goals so you can stay on track for a secure financial future.
Short Term Financial Goals
Short-term goals set the steps
for long-term success. They are relatively easy to accomplish within a year, helping
to build the habits and confidence to set superior financial objectives. Here
are the key short-term goals to focus on:
HEART OF The MAtter:
Financial planning starts
with goal setting: Short, Mid & Long term goals.
Short-term
goals include creating a budget, reducing debt, and building an emergency fund.
Medium-term goals should address insurance
coverage and debt reduction.
Long-term goals focus on retirement savings
and long-term financial health.
Annual financial check-ups help you reassess your goals and make necessary adjustments.
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