Saving “SMART”
- Topics Budgeting
- February 8 2012
Setting and achieving financial goals can be a frustrating and demoralizing experience, especially when the goals are unrealistic or beyond your short term reach. When we conduct a financial counseling session with individuals who have filed bankruptcy, we recommend they begin by setting some basic goals. For example, we suggest the first thing they do is save $1,000.00 for emergencies. Next, save three months of living expenses in case of an interruption in employment. Once these goals are met you can start saving for retirement and other objectives such as a house or vacation. To assist with setting your financial goals and dreams, consider applying the S.M.A.R.T. principle to increase the likelihood of success. S.M.A.R.T financial goals have the following characteristics:







