What is the SMART approach for financial planning?
A realistic way of approaching your financial goal is by using the SMART approach for financial planning. The word SMART stands for -----,-------, action-oriented financial activities, realistic financial goals, and time bound financial goals.
specific goals
specific tax liablilites
specific time
The answers: - specific goals: describe what exactly you want to achieve by doing something and how you will do that. - measurable: which means you need to be able to identify the goals you want to achieve. You might have to break down your goal into measurable parts.
