Living Simplii

Are you ready to make saving money simple? Check out this SMART strategy for easy financial goal-setting.
Jessica Martel 6-minute read
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What’s a SMART goal?

  • Who: Who will be involved? Is this a personal goal or one that you hope to achieve with a partner?
  • What: What are you trying to accomplish? The more detail, the better.
  • When: What is your time frame for achieving this goal?
  • Where: If the location is relevant, consider it when developing your goal.
  • Why: Why is this goal of value? Knowing your “why” is important because it’ll keep you motivated throughout the process.

  • What you’ll measure, like dollars saved or annual contributions to your RRSP. 
  • How often you'll measure, maybe weekly or monthly. 
  • How you'll keep track of your data, like with a pen and paper or spreadsheet.

What makes the SMART strategy so useful?

Vague goals versus SMART goals

Is it specific?


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Written by
Jessica Martel

Jessica is a professional researcher and freelance writer. She writes about personal finance, psychology, parenting and higher education.

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