Setting Financial Goals You'll Actually Achieve

Most financial goals fail because they're too vague or ambitious. Here's how to set goals you'll actually reach.

The SMART Framework for Money

• Specific: "Save $5,000" not "save more money"
• Measurable: Track progress weekly
• Achievable: Start with goals you can hit in 3-6 months
• Relevant: Connect to something meaningful (a trip, security, freedom)
• Time-bound: Set a deadline

Start Small

The psychology of small wins matters. A series of small victories builds momentum:

1. Save your first $100
2. Then $500
3. Then $1,000

Each milestone reinforces the habit.

Make It Automatic

The best way to save is to automate it. Set up automatic transfers right after payday, before you have a chance to spend it.