Objectives

Goals

Incorrect Approach

Right Approach

Specific

You need to know exactly what you want and when.

I need money to pay my college fees in a year’s time.

I will save the money of RMB50,000 to pay my fees at college.

Measurable

Your goal should be measurable so that you know when you can achieve it.

I will pay off my debts to my friends.

In the next six months, I will return RMB3000 to my two friends for lending me their money.

Attainable

Your goals should be reasonable i.e. within your reach.

I will save money.

I will save RMB2000 each month by cutting down on eating out and partying.

Realistic

Your goals need to be based on resources and tasks that you can reasonably accomplish.

If I save money I will be rich.

If I save regularly, need not borrow more money, I can pay off my debts by next year and will have enough savings till I begin to earn.

Time-bound

Goals with timelines allow you to track your progress and encourage you to keep going until you reach your goal.

I will save money for my vehicle.

I will save RMB10,000 a year for the next 2 years for my vehicle.