Comments on: Achieve More By Having Smart Goals http://www.greenpandatreehouse.com/2009/08/achieve-more-by-having-smart-goals/ Personal Finance for College Students and New Graduates Thu, 02 Feb 2012 14:14:24 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Friday Links | The Canadian Finance Blog http://www.greenpandatreehouse.com/2009/08/achieve-more-by-having-smart-goals/comment-page-1/#comment-37566 Friday Links | The Canadian Finance Blog Fri, 21 Aug 2009 12:37:26 +0000 http://www.greenpandatreehouse.com/?p=5115#comment-37566 [...] Green Panda Treehouse points out that you can achieve more by having smart goals. [...] [...] Green Panda Treehouse points out that you can achieve more by having smart goals. [...]

]]> By: Green Panda http://www.greenpandatreehouse.com/2009/08/achieve-more-by-having-smart-goals/comment-page-1/#comment-37538 Green Panda Thu, 20 Aug 2009 17:37:38 +0000 http://www.greenpandatreehouse.com/?p=5115#comment-37538 I try to keep myself accountable by sharing my goals and progress around the first of the month. Here's my status now: We would like to pay off my car loan by March 31, 2009.Goal Met. I’d like to reduce our expenses in July by 10%. Not Met, we did save some money on groceries, though. Spending: We’re going to limit eating out $100 this month. Goal Met. Savings: We want to have 6 months worth of expenses saved by July 31, 2009 . We also want to build our house fund. I try to keep myself accountable by sharing my goals and progress around the first of the month. Here’s my status now:

We would like to pay off my car loan by March 31, 2009.Goal Met.
I’d like to reduce our expenses in July by 10%. Not Met, we did save some money on groceries, though.
Spending: We’re going to limit eating out $100 this month. Goal Met.
Savings: We want to have 6 months worth of expenses saved by July 31, 2009 . We also want to build our house fund.

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]]> By: Mark http://www.greenpandatreehouse.com/2009/08/achieve-more-by-having-smart-goals/comment-page-1/#comment-37508 Mark Tue, 18 Aug 2009 22:23:37 +0000 http://www.greenpandatreehouse.com/?p=5115#comment-37508 This is a common strategy you will find repeated throughout all arenas relating to personal finance. I have never been able to stick to any of the goals I made using the SMART method. However, I do have to admit that I have found myself adapting this strategy to fit my needs and wants. For example, recently with the new move coming up soon, I knew I had to lower my living expenses across the board by 20 percent somehow. Slowly, little by little, I did manage to achieve this goal but recently smashed it by trimming my living expenses by more than 50 percent with the upcoming move. This experience inspired me to really evaluate my approach to spending and I do have to thank the SMART goals for it. One thing I am curious about is what are your SMART goals? It will make for a good post, or even a series of post if you plan something like 20 percent reduction across the board over time. This is a common strategy you will find repeated throughout all arenas relating to personal finance. I have never been able to stick to any of the goals I made using the SMART method.

However, I do have to admit that I have found myself adapting this strategy to fit my needs and wants. For example, recently with the new move coming up soon, I knew I had to lower my living expenses across the board by 20 percent somehow.

Slowly, little by little, I did manage to achieve this goal but recently smashed it by trimming my living expenses by more than 50 percent with the upcoming move. This experience inspired me to really evaluate my approach to spending and I do have to thank the SMART goals for it.

One thing I am curious about is what are your SMART goals? It will make for a good post, or even a series of post if you plan something like 20 percent reduction across the board over time.

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