Many of our dreams require money and planning to make them come true. When you have a finite amount of money — as most people do — achieving your financial goals requires planning.

Reaching those milestones starts with setting clear financial goals and having a plan allows you to track and achieve your financial goals for the new year. Here’s how to achieve your 2022 goals.

1. SET SMART GOALS
We sometimes tend to be unrealistic when planning how much we can achieve and how long it will take. For example, will a person whose financial goal is to save N500,000 in 12 months and earns a monthly salary of N50,000 be able to comfortably live on N10,000 monthly?

Use the SMART (Specific, Measurable, Attainable, Realistic, and Time-related) system when setting your financial goals for the year.

2. MAKE BUDGETING AND INVESTING A PRIORITY
The foundation of financial growth and stability boils down to two major things: knowing how to budget and being able to invest for the future. With a budget in place, you can control your spending build your savings and investments and achieve your financial goals.

Once you have a specific investment goal in mind, automatically set aside a certain amount of money each month to go toward that goal.

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3. SCHEDULE FINANCIAL CHECKUPS
There are a million reasons to keep a close eye on your financing. Without regular checkups, you won’t be able to fully understand your financial position. Monitoring your progress will help you diagnose how goals might have shifted and identify whether changes should be made.

Review your progress on a monthly basis for short-term objectives, and quarterly and annually for longer-term goals.

FINAL THOUGHTS
Having goals will change how you look at your money. You’ll start to see how every decision you make matters to your greater financial health. Setting goals is one of the best ways to help your future self and technology offers various apps to help you stay on course.