Deciding you want to save money for an emergency fund, retirement, or just for fun is great.
Having a plan to get there is an entirely different thing.
Use the SMART method to bridge the gap.
If you might mark off all five boxes, you don’t just have a goal.
You have a plan of attack:
Paying off your credit card is an enviable goal.
Are you planning on paying it off all in one shot?
Are you devoting a portion of your monthly income to the debt?
When do you plan on paying it off?
Is this a year from now?
How about two years?
You need greater detail here.
Here’s what makes this SMART:
Specific: I will pay my credit card.
Relevant: Everything here relates to the debt.
What does the dress have to do with your credit card debt?
Time Bound: Six months.
A lack of specifics is a great way to stay in debt.
