Keep ‘em S M A R T
What are SMART goals? It’s an easy outline of exactly how you can make a dream become a reality. It’s worked for me since learning about it in college, and I’d like to share with you!
Listen, having goals is amazing. It’s something that I believe everyone should outline and strive for in life. It’s one thing to dream of attaining your goals, and it’s another to make your dreams come true. I’m here to tell you that you have to work if you want to reach your goals. You outline them and then you work to make it happen.
S – Having one, specific, clear goal is imperative to success. Multiple goals at once is fine; however, they have to be clear. My one goal right now? Get out of debt
M – If you don’t know how to measure something how do you know how far you have to go to reach your goal? Whether its at the gym with weight amounts, on the scale as pounds, or in your bank account as currency, your goal MUST be MEASURABLE. I want to pay off debt in two years.
A – Saying you want to pay off debt is specific. Saying you want to pay off debt in two years is measurable. Saying you want to pay off $200,000 in debt on a $50,000 a year income is not achievable. I can’t express how important this is. If you don’t have an achievable goal you’re going to disappoint yourself early on. Don’t disappoint yourself! Goals aren’t made to disappoint you or anyone else. I want to pay off $51,000 of debt in two years on an income of $73,000 a year. That’s achievable with hard work.
R – What exactly does this mean? It means that while saving for retirement is necessary, it’s not necessary when you’re swimming in debt. Make sure your situation is relevant to your goal. We’re in debt right now, so we have to put all of our firepower at that debt. THEN we can begin to save and invest again. Paying off debt is relevant for us at this point in our lives.
T – If you don’t give yourself a timeline to reach your goals, it will go on for months and years. Then you may not reach your goal. Set a hard deadline because that deadline will kick your ass into high gear to get it done. Two years is my timeline for paying off debt is up.
I Hope this helps you pay off your debts AND in other parts of your life.
If you’d like to see more of my debt free journey, follow me on Instagram @veefrugalfox