Final answer:
The SMART goal system offers a structured approach to setting goals that are Specific, Measurable, Attainable, Realistic, and Timely. An example is Jane Career's SMART goal to become an office manager with a specified salary increase. The system encourages creating an Action Plan to maintain clarity and motivation.
Step-by-step explanation:
The SMART goal system is a framework used for setting clear and attainable objectives. SMART is an acronym for Specific, Measurable, Attainable, Realistic, and Timely. It is essential to have SMART goals in order to make sound financial decisions for your future, as they provide direction and a clear roadmap.
To set a SMART goal, begin by making it Specific by stating exactly what is expected. Ensure that it is Measurable, meaning that you can track your progress quantifiably. An example provided is Jane Career's goal to become an office manager within the next 2-3 years, with a salary increase of $10,000 to $15,000, potentially within her current organization.
Creating a tangible Action Plan is the next step after making your goal SMART. List each action step needed to achieve your goal, which will help maintain clarity, motivation, and momentum towards reaching your target.