Establishing financial goals provides a clear roadmap for your financial future.

Helps you prioritize spending and saving.

Goals keep you motivated and focused on achieving specific financial milestones.

Provides a sense of purpose and urgency.

Setting specific goals allows you to track your progress over time.

Helps in identifying areas where adjustments are needed.

Informed financial decisions are easier when you know what you're working towards.

Helps in avoiding impulsive spending and investments.

Encourages disciplined saving and investing habits.

Reduces the likelihood of deviating from your financial plan.

Knowing your goals allows you to assess risks more effectively.

Aligns risk management strategies with your long-term objectives.

Reduces financial stress by providing a sense of control and direction.

Enhances peace of mind knowing you have a plan in place.

Helps in allocating resources efficiently towards achieving your goals.

Ensures your money is working effectively for you.

Ensures you are prepared for major life events like buying a house, retirement, or education expenses.

Helps in building a secure financial foundation.

Specific

Measurable

Achievable

Relevant

Time-Bound

Short term goals (0-3 years)

Mid term goals (3-10 years)

Long term goal (10+ years)

High priority

Medium priority

Low priority