When we last talked about goals I told you that you should make your goals S.M.A.R.T. (Specific, Measurable, Attainable, Relevant, and Time-Bound) to help you in achieving them. We discussed making a goal Specific so that you have one concrete goal to shoot for and you know exactly what you want to accomplish rather than a big general category that’s hard to finish.
Today let’s talk about the next step – making your SMART financial goal Measurable.
You need to make a goal measurable, you need to know exactly how much you are going to achieve. Without a way to measure your goal, how can you track your financial progress? How will you know if you are making headway towards the financial goal?