The new year is a time to start over, with a clean slate. Perhaps last year you set financial goals and targets for yourself but along the way life happened and your goals were forgotten. The SMART system is one suggested way of setting goals. It looks great on paper - but you need to follow through on your intentions with the right actions. First, let's see how you set SMART goals. This is what each letter stands for: • S = Specific: Be specific about what you want. For example, by deciding: "I want to pay off my R10,000 credit-card balance." • M = Measurable: Put timelines and amounts to your specific goal. To continue the example above: "I want to make payments of R835 monthly until I've paid off my balance." • A = Attainable: Is it feasible to pay off your credit card within your budget constraints? Or will you need extra income to help plug the shortfall? • R = Realistic: Are you aware of the constraints in your budget and have you factored in other realities? If you're looking...

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