MODULE 1: FINANCIAL PLANNING

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 Financial goals
• Financial goals are savings, investment or spending
targets you hope to achieve over a set period of time.
The stage of life you’re in usually determines what type
of goals you wish to achieve.

• Your financial goals are the specific monetary amounts

you are committed to obtaining that will allow you to
realize your vision for your life

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 SMART Goals

• Specific
• Measurable
• Attainable
• Relevant
• Time-bound

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 Setting Financial Goals
• Figure out what matters to you

• Sort out

• Apply a SMART- goal strategy

• Create a realistic budget

• Monitor your progress

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 How to Achieve Your
Financial Goals

• Making a plan that prioritizes your goals

• Goals can be separate into three categories of time

• The goal-setting process involves deciding what goals

you intend to reach; estimating the amount of money
needed and other resources required; and planning how
long you expect to take to reach each of your goals.

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 Goal Chart
• Write down one personal financial goal

• Decide if your goal is short-term, mid-term, or long-term, and create

a timeline for that goal

• Determine how much money you need to reach your goal

• Think of all the ways you can reach that goal.

• Decide which is the best combination of ways to reach your goal