Importance of Financial Goals

Setting financial goals is essential for achieving financial success. Goals provide direction and motivation for managing money effectively.

Types of Financial Goals

Financial goals can be short-term, medium-term, or long-term. Examples include saving for a vacation, buying a home, or planning for retirement.

SMART Goals

Use the SMART criteria (Specific, Measurable, Achievable, Relevant, Time-bound) to set effective financial goals.

"A goal without a plan is just a wish." - Antoine de Saint-Exupéry