Financial goals are objectives considered when handling money. These are usually centred on investing, earning, spending and saving. Defining financial goals is crucial for a person whose objective is to become financially secure. Achieving these goals, however, is what calls for an effective strategy. Entrepreneurs argue that the right goals will always be critical in achieving the overall vision. Consequently, financial experts commend the significance of constant evaluation of these goals, noting that this is as important as setting them. This, and the factors below, are some of the ways to consider; Set your priorities If you are not where you want to be financially but want to change this, you need to get your priorities straight. Divide them into short term and long term goals, and decide what you are to focus on first. This will make your budgeting and spending decisions easier. It will give you space to achieve your goals, one at a time and also allow you to get started on others. Track your spending There is a saying that ‘the easiest way of becoming bankrupt is by not paying attention to your expenses.’ Tracing how you spend is vital. It doesn’t matter how much you make, as long as you don’t know where your money goes or how you use it, you will find yourself in debt. Being mindful of your spending habits is key in attaining financial goals since you will be able to balance your income with the way you spend, making it easy for you to save for the future. Be realistic Keeping your goals realistic provides higher chances of achieving them. Whereas being ambitious can be a great way to success, being overly ambitious can turn out to be a discouragement. It’s, therefore, important that you keep your goals realistic because this will keep you motivated. Compute your savings If you want to realise the goals you set for your finances, do more than just mere planning. Have realistic numbers to work with; determine the exact amount you earn, minus your spending and determine the amount to save for a specified amount of time, and how much you want to have as a goal for your savings after that specified period of time. Make shrewd investments It has for long been perceived as common sense that one who wants to earn more has to invest as much. Saving and tracking your expenses alone is not enough, especially if one of your goals is to earn more money. You need to make investments but more than that, you have to make smart investments. Experts recommend choosing an investment instrument that has debt nature, for example fixed deposits. This is because going for debt instruments means that chances of capital loss are less compared to equity instruments. Debt instruments are assets that require a fixed payment to the holder, usually with interest. These can include bonds (government or corporate) and mortgages. Whereas equity instruments refer to a document which serves as a legally applicable evidence of the ownership right in a firm, like a share certificate; these can include stock shares.