Coming Up with Financial Goals for 2022
As our New Year Celebrations come to an end, it’s a good time for us to take a look at our financial planning for the year ahead. Goal setting is an important part of everything we do. It ensures that we’re able to reach our targets in a timely manner. This applies to our financial goals too! As the saying goes, if you fail to plan, you plan to fail. That is why we have put together a “starter pack” for anyone who wants to plan their financial goals for the year. Here are 3 quick steps:
1) Knowing your Financial Personality
Before we embark on this journey, let’s take a look at our financial identities. By understanding ourselves, we become more self-aware about our financial boundaries. This will help us manage our money effectively and efficiently. We hope you’ll enjoy this journey of self-discovery! See this article to learn about the 3 aspects of your financial personality and be treated to a quiz at the end that will tell you your financial personality!
2) Setting SMART Goals
Moving on to SMART framework. For some of us, there are instances where we set goals and are unable to accomplish them simply because they are unrealistic. This can be a little upsetting. That’s where the SMART framework comes in. With it, you will be able to set more feasible goals which would enable you to accomplish them! SMART goals are easy to follow and does not require you to understand any form of difficult theory. All you have to do is follow this acronym which gives you the basic fundamentals of goal setting. Try setting your own personal SMART financial goals today!
3) Building Financial Resilience
These past two years have been nothing short of ambiguity and change with the ongoing COVID-19 pandemic. With all the new policies governments are taking to quell the virus, it has become increasingly harder for individuals to build a financial resilience plan that can work around all these unceasing developments. But, fret not, we’ve got the article just for you! This article will equip you with the Do’s and Don’ts to help you become more financially resilient!