Happy New Year! Today, I’m sharing 3 tips on goal setting. I’ve always been a big advocate for goal setting. What’s the purpose of living if you aren’t trying to achieve? Goals can be as big as buying a house to something simple as being mindful.
Tip #1: Write your goals down and post them where you see them daily.
Every year, Bobby and I write down our yearly goals and post them on the bathroom mirror. When you write your goals, you clarify and strengthen your intentions. Studies show that the act of writing down your goals makes them more concrete and thus makes you more likely to follow through with them.
Also, by looking at your goals on a daily basis you are reminded to take small steps towards that goal each day. Hold yourself accountable by maintaining focus and discipline throughout the year.
Tip #2: Set your goals for 3 years out.
Our goals for 2016 were “build healthy savings”, “get married” and “travel internationally”. While those seem like easy goals, we actually wrote them down in 2014 before we got engaged. By looking a few years out, you can set smaller and more attainable goals to help you meet your bigger goals.
Here’s an example of breaking down the long-term goal of paying down a mortgage:
Pay off Mortgage: $133,000
Deadline: 10 Years
Yearly Target Amount: An extra $8,400
Monthly Target Amount: An extra $700
Tip #3: Make sure your goals are SMART.
I’m sure you’ve probably heard this before, but make sure you have SMART goals. Specific, Measurable, Attainable, Realistic, and Timely. I’d like to point out that your goals should be attainable and realistic. It’s good to set up challenging goals but don’t set goals that are out of reach.
un-SMART Goal: Save Money.
SMART Goal: Save $5,000 by January 1, 2018.
That’s it! But don’t forget to reward yourself when you reach your goal.
I hope these 3 tips help you achieve your goals. Feel free to share your goals in the comments below.