The SMART framework
Specific, Measurable, Achievable, Relevant, Time‑bound.
Template
"I will save $3,000 for an emergency fund by June 30 by transferring $250 from each biweekly paycheck."
Examples
- Debt: Pay off $2,400 card by Dec 31 with $200/month + snowball.
- Savings: $1,200 holiday fund by Nov 15 at $100/month.
- Investing: Increase retirement to 12% by next raise.
Tracking
- Post goals where you see them; review monthly.
Frequently Asked Questions
What if I miss a target?
Adjust the deadline, not the goal.
How many goals at once?
1‑3 max.
Can I stack goals?
Yes‑finish one, redirect funds to the next.