Financial goals add order to your money. Income often vanishes into daily expenditures with little movement toward future goals when individuals have no clarity around a target. The goal is the basis for security, freedom, and peace of mind.
Begin with short-term and long-term goals
- Short-term goals might include establishing an emergency fund, paying down a credit card, or saving money for a phone.
- Long-term goals could include purchasing a house, funding children’s education, or planning for retirement.
Both kinds are equally important
Make goals specific and feasible. Rather than say “I want to save more,” set a specific target: “Save ₹50,000 in six months.” Clear objectives are easier to plan for and evaluate. This simple exercise increases commitment to the action and focus. Record them this is an easy action. Next, create a plan.
Divide each goal into monthly or weekly objectives. Automation of your savings and adjustment in spending, along with regularly reviewing your progress against your goals, helps keep YOU on course. Life changes, and the goals can change review them every few months, and make tweaks when the case calls for them to change. But reaching financial goals is not a process; it is a process of consistency. In small doses of steady actions over time, big results result. Every incremental approach boosts confidence and momentum.
Tip: Get one short-term and one long-term financial goal today and write them dow
