Setting achievable financial goals is crucial for staying motivated and tracking progress. When setting financial goals, it's important to make them specific, measurable, achievable, relevant, and time-bound (SMART). For example, instead of setting a broad goal like "save money," a more specific and achievable goal could be "save $500 per month for a vacation fund."

Tracking progress towards these goals can be done using various methods, such as creating a budget, using financial tracking apps, or simply keeping a written record. By regularly monitoring income, expenses, and savings, individuals can stay motivated by seeing their progress over time.

References:

• Forbes article on setting financial goals: How to Set Financial Goals
• Harvard Business Review article on SMART goals: A Better Way to Set Goals
• Money.com article on tracking financial progress: How to Track Your Financial Progress