Factors to determine the financial goal and its expectations

SHALU SURENDRAN S4 MBA KICMA

Financial goals
Financial goals are specific objectives to be accomplished through financial planning . Goals should be consistent with personal values and attitudes. financial goals should be SMART ;S- SPECIFIC M-MEASURABLE A-ATTAINABLE R-REALISTIC T-TIME BOUND

Contd..
Specific :-state exactly what is to be done with money involved. Measureable :-write the exact dollar amount. Attainable:-determine how it can be reached. Realistic:-do not set the goal for something unattainable or unrealistic.

Contd
Time bound:-specifically state when the goal need to be reached. Factor to determine the financial goals: Financial goals should be realistic. Financial goals should be stated in specific, measurable terms. Financial goals should have a time frame.