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Set financial goals for yourself from "summary" of The Financial Diet by Chelsea Fagan,Lauren Ver Hage
Setting financial goals for yourself is a crucial step in taking control of your financial future. It involves identifying what you want to achieve financially and creating a plan to make it happen. Without clear goals in place, it's easy to drift aimlessly, never making progress towards your desired outcomes. To set effective financial goals, it's important to be specific about what you want to achieve. Vague goals like "save more money" or "pay off debt" are not helpful because they lack detail and direction. Instead, you should set goals that are specific, measurable, achievable, relevant, and time-bound (SMART). For example, instead of saying "save more money," you could set a goal to save $5,000 for a down payment on a house within the next year. Another key aspect of s...
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