GOALS - how to set them??

The Finance Diaries

Content provided by Stephanie Chabot. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Stephanie Chabot or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

6M ago 11:51

MP3•Episode home

Dearest Finance Diaries baddies,

We find themselves in a world filled with diverse opportunities and challenges. This podcast/blog post aims to provide a quick overview guide on setting realistic and measurable [financial] goals.

How To Set Goals You’ll Actually Accomplish:

* Decide on Your Values and Priorities:

* Begin by reflecting on your values and priorities. Consider what matters most to you – whether it's spending time with a family, a huge investment portfolio, travel, entrepreneurship, or philanthropy. Aligning your goals with your values ensures meaningful pursuit.

* Categorise Your Goals:

* Categorise your financial goals into short-term, medium-term, and long-term. Short-term goals might include building an emergency fund or paying off high-interest debt, while long-term goals could involve saving for a home or retirement.

* Make Goals SMART:

* Apply the SMART criteria to your goals – Specific, Measurable, Achievable, Relevant, and Time-bound. For instance, instead of a vague goal like "saving money," specify "saving $5,000 for an emergency fund within 12 months."

* Consider Your Financial Situation:

* Be realistic about your current financial situation. Assess your income, expenses, and existing commitments. Setting goals within your means ensures a higher likelihood of success.

* Prioritise Goals:

* Prioritise your goals based on urgency and importance. Addressing high-priority goals first establishes a strong foundation for your financial journey.

You’ve got this, I believe in you!

Product of the week: This incredible renter-friendly wall sconce set (USB chargeable). My rental lacked a light in the laundry room and this was the perfect addition. I got it last week and it saved me from a veryyyy expensive electrician job.

Love,Stephanie

PS: Tell me in the comments what your first short term SMART goal is!

This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit thefinancediaries.substack.com

97 episodes

#Money #Gen Z #Money Matters #Investing #Budget #Goals #Planning #Financial Literacy #Business #Stephanie Chabot #Stock #Podcasting Education #Personal Finances #Money Management #Millennial #Finance