I believe that everybody has career goals. But do you have financial goals? Setting financial goals is just as important as setting your career goals. It helps you to keep focused on the future, know what you want to accomplish financially, and how to get there.
How to set financial goals:
Step 1: List all of your short-term and long-term goals
– Short-term goals are usually 2 years or less
– Long-term goals are usually 5 years or more
Step 2: Prioritize all of these goals
– Put the goal that is most important to you first.
Step 3: Develop a concrete plan of steps to reach these goals.
Tips when setting financial goals — Be SMART!!
Specific
Measurable
Attainable
Relevant
Time-Frame
For exmaple:
A vague goal would be: “I will do something fun for Spring Break.”
A SMART goal would be: “I will save $250 from my work by March to participate in an Alternative Spring Break program to drive to Chicago with other group members.”
Set your financial goals now! Be SMART!!
Junyu Zhao Peer Counselor II Powercat Financial Counseling www.k-state.edu/pfc