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How to set financial goals What you need are S.M.A.R.T financial goals: Specific, Measurable, Achievable, Relevant and Timebound. Specific: E.g. Instead of saying I want to travel. I’ll say, I plan to go to Dubai What are your specific financial goals? …………………………………………………………………………………………………………………………………… Measurable: How much will your goal cost? E.g. I will need to save ₦1,000,000 to pay for my flight and accommodation for dubai. What are your measurable financial goals? …………………………………………………………………………………………………………………………………… Achievable: Set an achievable consistent target. E.g. I will need to set aside ₦28,000 a month to meet my goal. What are your achievable financial goals? …………………………………………………………………………………………………………………………………… Relevant: E.g. You plan to take a trip to celebrate a major milestone in your life How is this goal relevant to you? …………………………………………………………………………………………………………………………………… Time-bound: E.g. I plan to reach my goal in 3 years How long will it take you to achieve this goal? …………………………………………………………………………………………………………………………………… Website: www.dailykobo.com
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