Career & Financial Management Part 1

 In 5 years, I see myself graduated from college and having a job to keep me financially stable.  In order for that to happen, I need to make SMART goals and create a good plan to follow.

What does a Goal need to have :

1. Be realistic : A car

2. Be specific: Honda CR-V 

3. Have a deadline: 5 Years
4. Have a price tag: $23, 445

One of my goals in 5 years is to have a car most likely a Honda CR-V. Honda CR-V costs about $23, 445. In order to achieve my goal of wanting a car, I am going to follow SMART goal setting. My target of achieving this goal would be in 5 years most likely after I graduated from college. 

One of the most important things I would do while I am trying to achieve my goals is by breaking them into small steps. For example, I would start by saving money and then, getting a job to save up for buying a car. These steps are called "milestones" meaning major tasks needed to reach the goal. Each of these milestones will help me achieve my goal. Having a goal map/written plan today will help me have a idea of what I want to achieve. If I start saving money today, it will help me achieve my future goals even faster than I think about it. Another thing to remember while I am trying to achieve my goal is my budget. Having a budget will help me save money and let me know up to what price I can spend. 

       


                How to Budget :
1. Forecast your monthly income

2.Forecast your monthly expenses

3.Balance your worksheets

4. Spend according to your plan

5. Compare your actual earning and spending with your targets

6. Repeat the process



                                                                 A Goal Map