In particular, I will make and stick to a monthly budget to keep tabs on my earnings and outlays, cut back on wasteful spending, and boost savings.
Measurable: I want to cut back on discretionary spending by 15% and save at least 20% of my monthly income.
Achievable: I will analyze my money every week and make any necessary adjustments to my spending patterns by using a budgeting app and setting reminders.
Relevant: This aim helps me achieve my overarching goal of financial independence and readiness for future costs like emergencies, travel, or a house purchase.
Time-bound: Over the course of the next six months, I will completely execute and adhere to this financial management plan, checking in once a month to monitor my success.
Author: Mohamed Yasin
