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SMART Financial Resolution

Updated on February 10, 2010

How are you today? I hope you all fine. The time pass quickly, and now we've entered the year 2010. Have you prepare your financial planning in 2010 ? like a resolution or maintain financial life in 2010. Talking about global financial it will never end. But how about your financial condition right now. Something was started from small part. And it begin from ourselves or family. Maybe you should try honestly to answer the following questions:

  • Do you monitor your monthly spend?
  • Do you pay full your credit card or you pay for the minimum bill?
  • Did you already set aside some funds for retirement?

If your answer is "no" for those question, now is the right time to manage your personal financial. When we look something not seriously, all things will seem easy. Like we can do that later. "later" is bad word, even in finances. But in practice we encounter difficulties. Why it can be happen? because we don't usually do and we never try or we are not promised to ourselves.

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courtesy of

I got a great tips from the biggest bank in the world. The first in managing managing finances better is to evaluate your current financial position, namely the re-asset records (whatever you have) and how much debt you have. Good way to manage finances is used to create a budget where you can monitor the income and expenditure.

From now let's promise to manage our personal financial set goals and how to achieve our financial goals. Actually there are four tips we can use to maintain the financial. The goal and planning have to SMART (Specific, Measurable, Attainable, Realistic, Tangible)

  • Specific. We have to set the goal and target of our financial. Like, Start from next year I'll be more diligent in saving. We have to determine how much saving do we want. Determine what time do we start and how long do we get the value. And the result is we can more discipline to set aside some funds to be saved every month.
  • Measurable. Defining measurable objectives can help us to monitor whether we are on the right track or not to achieve goals. If your goal is to collect funds for the down payment for a new house next year, then determine how much money from your income should be set aside per month.
  • Attainable. Make goals which you can achieve and try to think long term, but still find the small goals that can help you achieve greater results. Like we want to have $1200 in this year. Then the small goals you need to achieve each month is to save a minimum $100 in the next 12 months. We can use the small amount, if you think that $1200 is a big money. It doesn't reduce the value and the soul of the achievement.
  • Realistic. Creating financial goals must be realistic or we could face a very big failure. must be accordance with our abilities. Don't follow the desires or we will loosing all we have now.
  • Tangible. The real goal is the achievement of something that really exists, and can be measured. We will be motivated to set best goal for us.

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courtesy of

Don't worry my friend, you are not alone. we can involve our family members in setting financial goals. Because they will support the achievement of these goals. And we can learn together with our family member. Sometimes fresh ideas coming from our partners, if you had married and your position as a husband or wife. Write down these goals and review from time to time. I hope we can find the best achievement for our financial.

You can also read:

Introduce the Children About Saving Culture

Money is not everything. But, without the money of our lives would be more difficult to live. As parents, we certainly want our children have financially independent and skilled in managing money. As a teacher I always give suggestion to my student. One of my suggestion is how to use money wisely.


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    • prasetio30 profile image

      prasetio30 6 years ago from malang-indonesia

      Thanks, Iampankaj for coming and share your opinion about this resolution. I hope this hub useful for you. Success for you. Take care!


    • Iampankaj profile image

      Iampankaj 6 years ago from Bangalore

      This is A SMART financial advice. I generally make many many resolutions at start of every year :) And as usual forget most of them. But in case of financial resoulutions I met some & yes it helps a lot. Your post actually made me remember my resolution again, thanks for that.

    • prasetio30 profile image

      prasetio30 8 years ago from malang-indonesia

      Thanks FirstStepsFitness for supporting this hub. I hope we can get a little benefit from here.

    • FirstStepsFitness profile image

      FirstStepsFitness 8 years ago

      Very timely for the current economy :)

    • prasetio30 profile image

      prasetio30 8 years ago from malang-indonesia

      Your welcome Mr.Roychoudhury, glad to meet you here. And thanks for nice comment.

    • H P Roychoudhury profile image

      H P Roychoudhury 8 years ago from Guwahati, India

      A nice hub with better suggestion.

    • prasetio30 profile image

      prasetio30 8 years ago from malang-indonesia

      I just say THANKS for your coming and giving SMART comment. This idea come from the need to manage finances properly. Sometimes we underestimate this. But I hope we could better person in manage our finances.

    • breakfastpop profile image

      breakfastpop 8 years ago

      Smart and practical hub which could have prevented the financial meltdown had people followed its advice.

    • Darlene Sabella profile image

      Darlene Sabella 8 years ago from Hello, my name is Toast and Jam, I live in the forest with my dog named Sam ...

      Another one of your great and informative hubs, goal setting and budgeting is the only way to go, Thanks.

    • Karen Banes profile image

      Karen Banes 8 years ago from Canada

      I love the SMART method for setting goals. It works for all kind of goals not just financial. I use it for my writing goals too. Specific (what exactly will I get written today), Measurable (how many words/pages),etc. Works for me :)

    • ethel smith profile image

      Eileen Kersey 8 years ago from Kingston-Upon-Hull

      Useful advice

    • Rebecca E. profile image

      Rebecca E. 8 years ago from Canada

      easy to understand and not complex at all even I can do it. Stumbled Upon and rated up.

    • prasetio30 profile image

      prasetio30 8 years ago from malang-indonesia

      Thanks Janny for your nice comment. I am not an economic expert. But I try to follow the economic news. As a teacher I try to send the lesson with easy to understand. I don't want something complicated but the important thing is the message could accepted.

    • JannyC profile image

      JannyC 8 years ago

      All that finance stuff is usually greek to me, but you made it a bit better to understand thanks.

    • prasetio30 profile image

      prasetio30 8 years ago from malang-indonesia

      Thanks for all who supporting this hub. I hope this hub useful for us and we can manage our finances better than before. Amen

    • Angela Blair profile image

      Angela Blair 8 years ago from Central Texas

      Good ideas and direction, prasetio30 - it's definitely budget time in this old economy! Thanks! Best, Sis

    • Hello, hello, profile image

      Hello, hello, 8 years ago from London, UK

      Very helpful hub and such terrible times. Thank you so much.

    • dohn121 profile image

      dohn121 8 years ago from Hudson Valley, New York

      Great hub, my friend. All the points you made are certainly rational. Thank you.

    • travel_man1971 profile image

      Ireno Alcala 8 years ago from Bicol, Philippines

      You're really SMART prasetio. Kodus to you and thanks for sharing this hub.

    • ama83 profile image

      ama83 8 years ago from San Jose, CA

      These are some helpful and very relevant points to share.

    • Pamela99 profile image

      Pamela Oglesby 8 years ago from United States

      Good hub with good suggestions. Thanks.


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