Are Your Financial Goals Well-Defined?

Are Your Financial Goals Well-Defined?

April 27, 2021
Share |

Setting short-term, mid-term, and long-term financial goals is an important step toward becoming financially secure. If you aren’t working toward anything specific, you’re likely to spend more than you should. You’ll then come up short when you need money for unexpected bills, not to mention when you want to retire. You might get stuck in a vicious cycle of credit card debt and feel like you never have enough cash to get properly insured, leaving you more vulnerable than you need to be to handle some of life’s major risks.

While "I want to have lots of money" may sound like a great goal, it's just too vague. How much is "lots?" If you don’t know … how will you know when you have it? And will the "lots" of today be enough for tomorrow?

In developing your financial goals, make sure they’re S.M.A.R.T. …

  • Specific - clearly defined or identified.
  • Measurable - able to be measured or evaluated.
  • Attainable - achievable or realistic.
  • Relevant - appropriate to the current time, period or circumstances.
  • Timely - done or occurring at a favorable or useful time.

April is Financial Literacy Month. If you haven't already taken some time to clearly define your financial goals, don't put it off any longer. Well-defined goals are imperative for creating an effective financial strategy. 

If you'd like help setting "S.M.A.R.T." goals, click on the link below to schedule a consultation:

This material was developed and produced by FMG Suite to provide information on a topic that may be of interest. FMG Suite, LLC, is not affiliated with Gowdy Financial Group, LLC., any broker-dealer, state- or SEC-registered investment advisory firm. The opinions expressed and material provided are for general information and should not be considered a solicitation for the purchase or sale of any security.

Gowdy Financial Group, LLC., is a Fee-Only, Financial Advisory firm dedicated to helping women, from all backgrounds and income levels, get out of debt, save toward your goals and enjoy the freedom that comes with being in control of your money. "We don't sell products; we provide solutions. Your Goals. Our Solutions." Serving Clients Nationwide.