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How to Achieve Your SMART Financial Goals in 2016

Everyone desires financial success, but that desire must be matched with SMART financial goals to translate to success. 
Most times, we set financial goals that are self-defeating. The reason why it seems like New Year resolutions to eat healthier or exercise regularly almost always fail by the second month of the year is because most times, we do not set clear parameters for success. In the end, our resolution becomes merely a wish. 
Setting S.M.A.R.T. financial goals forces us to become accountable and ensures that we actualize our goals towards financial security. 
With a brand promise to make banking simply and smarter, Union Bank has created several solutions to ensure that customers meet their financial goals when they make SMART decisions about their finances. 
MAKING S.M.A.R.T FINANCIAL GOALS: 
1. BE SPECIFIC 
First, your financial goals should be as specific as possible in order to successfully achieve exactly what you want. Always include as much detail as possible. 
How much do I earn? 
How much do I spend? 
What are my fixed expenses? 
How much disposable income do I have? 
Being able to answer this questions then you can know exactly how much you have to spend. 
Union Bank created the UnionKorrect savings scheme to conveniently help its customers achieve their financial goals. Whether your dream is to buy a car or save towards the purchase of a land, with as little as N5000 monthly savings with your UnionKorrect account, we will set you on a path to achieving your dream over a set period of time. In addition, with UnionKorrect customers stand a chance to win up to N1million in a quarterly draw. With UnionKorrect, you can save small and do big things. To open a UnionKorrect account, call 0700 700 7000. 

2. YOUR GOAL SHOULD BE MEASURABLE 
In order to achieve your goal, it must be measurable. For example, simply saying “I want to save more” is not measurable. Even if you have a vague idea of what that would mean for yourself, you have no way of knowing when you’ve achieved it or how you plan to achieve it. If you were to say, “I would like to save N1, 000,000 in 4 years for a plot of land” this would be measurable and achievable with a UnionKorrect account. A standing instruction is placed on your existing Union Bank account and your UnionKorrect account is credited monthly with starting at N5000 or any multiple amount you specify.  
A standing order (or a standing instruction) is an instruction a bank account holder gives to his or her bank to pay a set amount at regular intervals to another account. 
3. IS YOUR GOAL ATTAINABLE? 
Ensure to set financial goals that are attainable. This is why setting specific, detailed goals are important. By identifying what you hope to achieve, you can identify potential roadblocks and obstacles that could make it difficult to get where you want to be financially. 
4. BE REALISTIC 
Much like your goal should be attainable, it should also be realistic. While we aren’t suggesting that realistic should equal easy, ensure that your goals present a challenge you are able to overcome. It will take effort but it is not impossible.  
5. TIMELY 
Lastly, ensure that your goal is timely. In order to be measurable, your goals must have a well-defined timeframe. Often times, we do not consider time when we set our goals and it leads us to setting high expectations over a short period of time, causing us to abandon our goals midway when we don’t see the desired progress. UnionKorrect is a tenured savings solution that helps you achieve financial progress over a reasonably set period of time ensuring that you are not overstretched as you work towards your financial goals. 
So, have you set your SMART financial goals? Call Union Bank today on 0700 700 7000and sign up for UnionKorrect or any of our other financial solutions to help you achieve you goals. 
Not a Union Bank customer yet? Visit any of our branches or Smarter Banking Centers and select the right financial solution for you. 
Our Smarter Banking centers are self-service branches designed for technology savvy customers who want quick, easy, on-the-go banking. 
With other smart solutions like UnionMobile – our mobile banking app and our online banking platform UnionOnline, you can access secure and convenient banking services 24 hours a day, 7 days a week. 
To learn more about how Union Bank is making banking simpler and smarter, please visit www.unionbankng.com and follow us on social media 
https://www.facebook.com/UnionBank 
https://twitter.com/UNIONBANK_NG 
https://www.youtube.com/user/UnionBankNG 
https://instagram.com/unionbankng 

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