Setting Financial Goals



Five Key Ways to Make Your Goals More Effective

About This Course

How SMART is your goal? Find out now. Use interactive fields in this animated course to help hone your personal goals for financial well-being.


Approximately 30-45 minutes

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Setting Financial Goals

Securing your financial well-being is one of the best gifts you can give yourself and your family. Your stable financial future starts with learning, planning, and setting effective goals. No matter how much, or little, money you have, it’s important to educate yourself about your opportunities. Let’s start by clarifying your financial aspirations and setting goals that are right for you.

What Matters Most

Make a list of what you want to achieve financially and rank your aspirations in order of importance. Some examples include saving for:

  • Comfortable retirement
  • A house
  • Paying for college tuition
  • A new washer and dryer
  • A second car

After you have determined your financial targets, decide on a time frame. Knowing your deadline is important, because when you save or invest, you’ll need to find an investment option that fits the amount of time you have for achieving your goal. See Stock, Bonds, and More and Investment Strategies to learn about appropriate investments.

Setting SMART Goals

Establishing a time frame for your financial goal is just one factor of the SMART approach for meeting goals. This approach provides an effective framework for moving forward. With a SMART goal, you identify specific, achievable outcomes and set milestones and deadlines for progress. It’s a structured way to help ensure your goals are more than good intentions.

Tips & Resources - Setting Financial Goals

  • Download a copy of CPG's Tips for Researching a Financial Advisor
  • Be sure to include saving for your financial goals in your budget.
  • Life happens. Understand that your progress may be slower than expected or you may not meet a goal. Celebrate how far you have come, reset the goal and begin again!
  • Goals can be fluid and may change as your needs change. Review and revise your goals as your situation changes.

Not sure what to tackle first?

Visioning is a way to explore your aspirations, establish priorities, and create a long-term picture that can guide your short-term decisions. Crafting a vision for financial wellness can enhance motivation and increase your ability to work purposefully toward your goals.

You can start right now

Explore visioning at your own pace, on your schedule, with online, interactive e-learning that guides you through the visioning process:

Seeing Your Way to Wellness

How to Use Visioning to Create a Healthier Tomorrow

Kick-start your chances for improved health and financial well-being by taking a look inside. Spending a few minutes creating a vision for your personal wellness can help clear the way for progress.

Duration: Approximately 20 minutes

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This material is for informational purposes only and is not intended as investment, tax, financial, legal or other advice. Your personal decisions should be based on the recommendations of your own professional advisors. 

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