Step 4: Construct S.M.A.R.T. Goals

S.M.A.R.T. Goals: Specific, Measurable, Attainable, Relevant, Time-Bound

Step four is when you begin seeing how you will deal with your debt. It’s important to have goals in sight.

Specific: Goals should clearly define your intentions. Include both current debt goals and goals to prevent future unwanted debt.

Measurable: Goals should be quantifiable so you know whether or not you have succeeded.


Attainable: Stretch yourself but don’t overextend yourself. Can you realistically see yourself accomplishing the goal?

Relevant: Write down exactly why you want to accomplish the goal. Will it better your life?

Time-bound: All goals should be linked to a timeframe. When should your goal be complete?

See this article to review the five best goal tracking services to help keep you focused.