Financial goals are specific objectives that individuals or organizations set to achieve their desired financial outcomes. These goals can range from short-term aims, like saving for a vacation, to long-term aspirations, such as building a retirement fund. Establishing clear financial goals helps in creating a roadmap for managing money effectively and making informed decisions. To set effective financial goals, it is important to make them SMART: Specific, Measurable, Achievable, Relevant, and Time-bound. This approach ensures that goals are realistic and attainable, allowing individuals to track their progress and adjust their strategies as needed. By focusing on these goals, one can improve their overall financial health and security.