What are financial goals how to deal with ?
Hello friends lets understand most important part of our life anything we do we must have goals Whether your goal is to save for a down payment on a home, pay off debt, or build an emergency fund, having a clear objective in mind can help you stay motivated and focused. It can also help you make smarter financial decisions, such as choosing to invest in a retirement account rather than buying something that you don’t need. Be smart and set smart goals When setting financial goals, it’s important to make them specific, measurable, achievable, relevant, and time-bound. For example, rather than saying, “I want to save money,” you might set a goal to save Rs. 50,000 over the next 12 months. By setting specific targets and deadlines, you can track your progress and make adjustments as needed. Classification of financial goals Once a list of various goals is prepared, they need to be classified in terms of two criteria: time to goal and importance of the goal. 1. Time to goal: First of