Financial and educational goal setting pattern of farm families in different socio-cultural regions of punjab

The present study was undertaken to study the existing financial and educational goal setting pattern, assess the effect of socio-personal factors of the homemakers on the financial and educational goal setting pattern and explore the constraints in goal setting and attainment of farm families. Results revealed that overall goal setting pattern of farm families was quite erroneous (overall SMART percent score of 15.90) with financial goal setting per cent score of 14.20 and educational 17.6. It was further revealed that long term goal setting pattern of farm families was comparatively better (14.31 per cent) than mid-term (9.79 per cent) and short term (9.31 per cent) goal setting pattern as respondents were found to be wishful in the guise of long term goals and quite poor in organising efforts in the form of mid and short term goals directed towards long term goals. A positive but non significant relationship between the age (0.08), education (0.03), family type (0.17), family size (0.01) and family income (0.07) of the respondents and their goal setting pattern was found. Major constraint faced by the respondents while setting the goals was lack of training to set goals (90.33 per cent) and while achieving the goals was uncooperative family members and lack of money (86.00 per cent).