Financial goals are the specific objectives that an individual hopes to achieve in their financial life. These goals can range from short-term to long-term and can vary from person to person depending on their financial situation and priorities. Common financial goals may include paying off debt, saving for a down payment on a house, building an emergency fund, or investing for retirement. The key to setting financial goals is to make them specific, measurable, achievable, relevant, and time-bound (SMART). By setting specific financial goals, individuals can make progress towards improving their financial wellbeing and achieving long-term financial success.
This mind map was published on 22 May 2023 and has been viewed 99 times.