One of the relatively less-discussed topics on personal finance is how to prioritize savings goals. In management colleges and the corporate world , an often discussed term is setting SMART goals. Specific, Measurable, Attainable, Relevant and Time-bound. Our savings goals also need to follow the SMART criteria. Ask yourself honestly – how many of you have savings goals set?
As I often mention, blogging is one of the ways I hope to have better control of my own finances. I decided to write an article on setting investment goals while actually setting my own goals in the process.