How to set financial goals?

We need financial resources to make some of our dreams come true. Therefore, we must set financial goals to move forward on the way to achieve our targets.

It is important to clearly define and write down your financial goals:

  • What specifically you want to acquire (language course, traveling, computer etc.).

  • When you want to achieve the goal (specify day, month, and year).
  • How much money you need (total amount).
  • What sources are you using the money from (business income, salary, pension, loan).

Start with three goals and regularly check your progress. For more details and tips on budget planning, refer the mobile application FINCA Dan. You will find this app useful to check your knowledge.