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Women who understand the importance of building a solid financial future know that it all begins with setting smart and realistic financial goals. Smart and realistic financial goal setting is a lot like planning a fun road trip with your best girlfriends. Before you all hop in the car and hit the road you need to check the oil, fill up the gas tank, and set your GPS so that you have clear directions to help you reach your destination.
There are 3 basic types of smart financial goals that you need to set. First are short-term goals. Short-term goals are goals that you want to reach within the very near future. They include things like: buying a new car within a month or two.
The second type of smart financial goal that you need to set is what is called mid-term goals. These types of goals are those that you want to reach within two to say five years. They may include things like saving for a down payment on a new home.
The last type of financial goal that you want to set for yourself are known as long –term financial goals. A long-term goal is a goal that you want to achieve a long way off from now. This includes things like paying for your child’s college education or saving for retirement.
There are 3 basic types of smart financial goals that you need to set. First are short-term goals. Short-term goals are goals that you want to reach within the very near future. They include things like: buying a new car within a month or two.
The second type of smart financial goal that you need to set is what is called mid-term goals. These types of goals are those that you want to reach within two to say five years. They may include things like saving for a down payment on a new home.
The last type of financial goal that you want to set for yourself are known as long –term financial goals. A long-term goal is a goal that you want to achieve a long way off from now. This includes things like paying for your child’s college education or saving for retirement.
No matter what type of goal you are setting, you need to make sure that it is a realistic one.
Realistic financial goals are those financial goals that are actually achievable based upon your current income, the timeframe you’ve set for achieving the goal, and other key factors.
For example, if your goal is to save for a down payment for a new home, you need to set a realistic amount based upon your income, other expenses, and the amount your looking to spend on a new home.
If your goals are not realistic then you are wasting your time, money, and energy. The more timely, realistic, and achievable your goals are, the greater chance that you will actually have of seeing them realized.
There is one thing in life that is certain, and that is change. The market will change, your tastes will change, your career may change, your family situation may change, and so on.
This means that your financial goals should not be etched in stone, they should be able to change as life dictates.
Once you have set your realistic short-term, mid-term, and long-term financial goals, goal, make sure you routinely review and reassess them based upon your personal needs. You may find that a goal that you set two years may not be as important now.
Realistic financial goals are those financial goals that are actually achievable based upon your current income, the timeframe you’ve set for achieving the goal, and other key factors.
For example, if your goal is to save for a down payment for a new home, you need to set a realistic amount based upon your income, other expenses, and the amount your looking to spend on a new home.
If your goals are not realistic then you are wasting your time, money, and energy. The more timely, realistic, and achievable your goals are, the greater chance that you will actually have of seeing them realized.
There is one thing in life that is certain, and that is change. The market will change, your tastes will change, your career may change, your family situation may change, and so on.
This means that your financial goals should not be etched in stone, they should be able to change as life dictates.
Once you have set your realistic short-term, mid-term, and long-term financial goals, goal, make sure you routinely review and reassess them based upon your personal needs. You may find that a goal that you set two years may not be as important now.
SETTING REALISTIC FINANCIAL GOALS
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PUBLISHED: AUGUST 29, 2025
"No matter what type of goal you are setting, you need to make sure that it is a realistic one."
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