Setting SMART Goals

It’s Build Your Savings Day!

Did you know that financial goals help us see progress? To change an old habit, you must create a new one. Those who’ve been successful, understand three important things: Success encourages you to stay the course. Tracking progress motivates you to continue, and realistic, attainable steps with built-in rewards are validating.

SMART is an easy-to-remember acronym for goal-setting. S-M-A-R-T: Specific, Measurable, Achievable, Realistic, and Time-Bound. It’s simple. Write down your SMART financial goals then ask someone to hold you accountable. Be Specific so you can track your progress. For example, if you want to save $1,000 in an emergency fund this year, set up a monthly $100 automatic transfer to a special account and you’ll achieve that goal by November! Be Patient. Developing new habits takes time. Save, don’t spend your tax refunds, bonuses, or cash gifts. Maximize their impact by using them to reach your goals. Setbacks are bound to occur, so celebrate the victories. A friend or mentor can encourage you when you’re tempted to give up. Above all, seek the help of the Lord, and ask Him to bless your efforts and thank Him with every victory! Reach your goals this year the SMART way!

If credit card debt is preventing you from reaching financial goals, get in touch with Christian Credit Counselors. They can create a pay-off plan just for you. Call the Crown Helpline at 800-722-1976 or visit us online at crown.org/ccc.