Quantify Your SMART Goal

It’s often said that ‘Money Is A Tool.’

A tool is defined as something that is used to carry out a particular function; so I challenge you: What function is your Money carrying out for you?

I’m sure it’s not debt, poor credit, living paycheck to Monday, and finding that you can’t financially meet your basic necessities let alone pursue your wants, passions, and dreams!

So, it’s important for us, via proper planning and budgeting, to TELL OUR MONEY what we would like for it to carry out for us.

This leads us to our first step!

You’ve already identified your SMART Goals, now we’re going to quantify them by putting a dollar amount to them.

Here’s an example; let’s say your primary goal for the year is to fix your credit and get out of debt. I’ll be helping you improve your credit however, there may be accounts that you’ll simply need to settle:

• Specific: Pay off 5 of my credit cards
• Measurable: $13,000 (how much debt)
• Achievable: Cut back on dining out, increase car insurance deductible, cancel cable and gym membership; get a roommate, work overtime at least 3 days a week [you get the picture 🙂 ]
• Realistic: Set aside $550 per month
• Timely: 2yrs

READY? Grab your SMART Goals worksheet in the next lesson to get started!