The start of a new year is the ideal time to evaluate your goals across all aspects of your life (See: Ringing in a New Year of Credit Health. Taking a look at your financial goals for 2026 is a great way to kick off a successful year, and you can start by getting ‘SMART.’
S is for Specific
First, you must clearly define your goal, why it is important, and how you will achieve it. For example, in 2026, you may aim to improve your credit score to enhance your financial health. You can do so by paying down debt and setting up auto payments.
- Learn more about VantageScore credit scores and how they are calculated here: The Complete Guide to Your VantageScore 4.0 Credit Score
M is for Measurable
Set goals that can be tracked and evaluated by including a metric for your progress. For example, your goal can be:
- Increase my credit score by 50 points
- Add $5,000 to my emergency savings
- Contribute 5% of my paycheck to my retirement fund
A is for Attainable
Ensure that your goal is something you can realistically achieve. Will you actually be able to improve your credit score by 50 points? Where in your budget will the additional savings come from? Set goals that align with your financial situation and personal needs.
- Learn more about actions that impact your VantageScore credit score: Credit Scoring 101: Factors that Affect Your VantageScore Credit Score
R is for Relevant
Be sure that your goal is in line with your financial objectives and will boost your financial picture. How will improving your credit score help your financial health? How will saving more of your paycheck help you in the future?
T is for Time-Based
Set a specific deadline for each goal in 2026 to keep you focused and on track. This way, you can have a concrete timeline to work within. Your final SMART goal could read something like this:
I will increase my credit score by 50 points over the next six months by paying down my debt, which will help me build my financial health.
