Setting achievable financial goals involves a systematic approach:
Assess Current Financial Situation: Understand your income, expenses, and existing debts. Set SMART Goals: Ensure that goals are Specific, Measurable, Achievable, Relevant, and Time-bound. Create a Budget: Develop a budget to track your income and expenses. Automate Savings: Set up automatic transfers to savings and investment accounts. Seek Professional Advice: Consider consulting a financial advisor for personalized advice.
