| Do you Plan SMART? |
| Yes |
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100% |
[ 2 ] |
| No |
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0% |
[ 0 ] |
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| Total Votes : 2 |
MissAnaKerr
New Member
Cash: $ 0.65
Posts: 3
Joined: 30 Jan 2015
Location: Australia
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| Plan SMART! |
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New Year's Resolution: Is one of your personal goals involving personal financial management?
Happy New Year everyone! I just want to say, I hope we all have our new year's resolutions with us to keep us on track as to how we want our new year to go. I sure have my list with me. Now my question is, is your list SMART too?
I just want to share to you guys how much I realize that my last year's resolutions didn't go as planned. I told myself last year that I will save more, but after the end of the year I had little to no savings in my bank. And now I kept asking myself, “What went wrong?” Eventually I found out the answer, I wasn't being smart enough.
I realized I needed helped. So I looked up on the internet and found simple and complex ways to solve my problem. I was honestly tired reading the complex solutions so I reread the simple solutions and I bumped into "Personal Financial Management". I was like “Okay, the words itself is self explanatory. But how?” I learned from there that Personal Financial Management or PFM is a software where you can make graphs such as the pie graph. The graph will divide according to your plans/expenses. And just that my problem with spending was solved. I am now able to track my expenses, to save up and plan for my future. Honestly, it helped me so much I can't wait for the New Year to end just to see how right I am about the software, and just how much I've saved up.
I do hope you guys plan ahead, make better New Year’s resolution, plan S.M.A.R.T.
Be:
Specific
Measurable
Attainable
Realistic
Time-bounded
S.M.A.R.T.! 'Til next time you guys! Keep safe!
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Fri Jan 30, 2015 10:24 am |
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jaynorth
New Poster
Cash: $ 0.40
Posts: 2
Joined: 01 Nov 2013
Location: 2512 Chambers Road Suite 207
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Well drafted post, as usage of S.M.A.R.T is innovative way to be tactful towards the finances. But it is also important that nothing should be overlooked & importance should be given at sticking resolution, to make it success.
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Tue Feb 03, 2015 5:17 am |
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MissAnaKerr
New Member
Cash: $ 0.65
Posts: 3
Joined: 30 Jan 2015
Location: Australia
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quote:
Originally posted by jaynorth
Well drafted post, as usage of S.M.A.R.T is innovative way to be tactful towards the finances. But it is also important that nothing should be overlooked & importance should be given at sticking resolution, to make it success.
Hey Jayorth, you're right. It's the very purpose of SMART that we are kept in track of our aims and plans. Not only will it be motivating but it will also be totally helpful to get us to our aims. We shouldn't also make vague plans, as we tend to forget them due to not having enough planned means to get to them.
Example would be:
> I want to have enough money saved by March. (Vague but time bounded)
> By March, I will have 20% of my money on my savings, 10% must be on my insurance, 10% on taxes and other obliged payments, 30% on home and necessities, 20% on credits/mortgage, 10% on myself. (S.M.A.R.T. PLANNING)
(Btw this is just an example, my breakdown of the percentage may be overrated or underrated, this just depends on your breakdown and needs. But you get the picture.)
Anyway I hope more people will know about this. 
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Sat Feb 07, 2015 12:25 pm |
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CrisAdams
New Member
Cash: $ 1.00
Posts: 5
Joined: 16 Jan 2015
Location: 3503 Jack Northrop Ave Hawthorne, CA 90250 USA
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SMART stands for:
Specific
Measurable
Attainable
Realistic
Timely
If we set goals this way, we would be way more successful.
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Mon Feb 09, 2015 3:43 pm |
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MissAnaKerr
New Member
Cash: $ 0.65
Posts: 3
Joined: 30 Jan 2015
Location: Australia
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Right CrisAdams!
Planning SMART is so much more effective than planning vaguely. With SMART planning you can totally get to your goals as opposed to vague planning where you can't get anywhere close to your goals.
When you plan SMART, you'll be able to break down your plans into smaller pieces so it would be way easier to reach your plans and you will be kept motivated as you are able to cross out so many of your to-do-list.
Keep planning SMART everyone!
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Sat Feb 14, 2015 9:31 am |
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