broad objective of this article is to Discuss on Effective Financial Goals. Here explain all of the analysis in financial management point of view. In the financial management studies, a highly effective financial goal should have 5 characteristics which may be easily remembered seeing that S-M-A-R-T. This article explain all the 5 characteristics: Specific, Measurable, Achievable, Rewarding and Time-bounded. Here explain all characteristics with explanation and examples. This is to make sure that the Effective Financial Goals goals are meaningful and acquire closer to monetary freedom.