Steps to setting your financial target & goals
“If you refuse to set a bold goal for your financial future, you're setting a goal anyway: To keep things they way they are”
– Randy Gage
The following are the steps to setting financial goals
- Goal recognition - Determine whether it is Short-term, Mid-term or Long-term goal
- List all your sources of Income
- List all your means of Expenses and provision for emergencies
- Set a Specific, Measurable, Attainable, Relevant and Time-Based (SMART) goals
- Adequate monitoring to ensure you are on track.