🎯 Sweldo with Purpose: How to Set and Hit Your Financial Goals

Ever told yourself “I need to save more” but somehow your wallet says otherwise every 15th and 30th? We’ve all been there.

But here's the truth: vague goals = vague results. If you want to make real progress with your money, you need to set clear, SMART financial goals. Then, create a plan that’s actually doable.

In today’s edition, we’ll go over:

• 3 Types of Financial Goals

• How to Set a SMART Financial Goal

• How to Create a Financial Plan

TLDR;

The Bottom Line

• Short-term goals (0–1 year) are for immediate needs—save in high-interest or digital bank accounts.

• Mid-term goals (1–5 years) cover bigger plans—use time deposits, or Pag-IBIG MP2.

• Long-term goals (5+ years) focus on wealth-building—invest in stocks, equity UITFs, or real estate.

• Match your money placement with your timeline. Don’t risk short-term funds in long-term investments.

• SMART goal-setting + consistent tracking = real financial progress for your future.

The content

🧩 What Are Financial Goals, Really?

Financial goals are what you want your money to do for you.

But not all goals are created equal. They come in three time-based types, each with different strategies and placements.

Actionable Tips For You

🎯 How to Set a SMART Financial Goal

A SMART goal is:

📝 Example:
 “I will save ₱60,000 in 12 months for a Japan trip by setting aside ₱5,000/month.”

🧭 How to Create a Financial Plan (PH Edition)

Here’s a step-by-step system you can follow:

✅ Step 1: Identify Your Goal

Write down the goal, amount needed, and timeline.

Example: Save ₱30,000 in 6 months for emergency fund

✅ Step 2: Break It Down

Divide the goal by months or pay periods.

Example: ₱30,000 ÷ 6 months = ₱5,000/month
Or ₱2,500 per payday

✅ Step 3: Choose Where to Save

Pick the right account or tool based on your goal’s timeline.

Emergency fund → digital bank savings (easy to access, high interest)

✅ Step 4: Automate & Adjust

Set auto-transfers. If budget is tight, reduce wants or find a side hustle.

Example: Auto-transfer ₱2,500 every 15th and 30th to GCash GSave.

✅ Step 5: Track and Review

Check your progress monthly. If you fall behind, adjust—not quit. We wrote about Budgeting in a previous issue. Check it here.

⚠️ What NOT to Do

🚫 Don’t set goals based on peer pressure
🚫 Don’t place short-term money in risky investments
🚫 Don’t wait until “you’re earning more” to start
🚫 Don’t rely on memory. Write and track everything

2 Surprising Truths About Financial Goals

1. You’re more likely to hit your goal if you name it.
   “₱50K Emergency Fund” beats “I want to save more.”
   

2. Most financial goals fail due to poor planning, not poor income.
   Discipline > sweldo amount, especially early in your career.

Having a sweldo is great, but having a plan for your sweldo is better.

Whether you’re saving for an iPad or your future home, start where you are, with what you have, and stay consistent. Goals work when you do.

Enjoyed this issue? Reply to this email and let us know!

Stuff Worth Sharing

The Link Lowdown

• Time Deposits Ranked - we ranked the best time deposits in the Philippines.

• 26 Minutes of The Most INSANE Financial Decisions Ever Made - I’ve recently been binge-watching financial videos on Youtube. Watch this to know what NOT to do with your money.