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Setting a Financial Goal Pg. 35

Last updated over 3 years ago

6 questions

Directions:  For this assignment, come up with a real life item that you need/want in the near future.  You will use the elements of a SMART goal to show how you will attain the item.  You should reference page 35 in your workbook for guidance to answer the questions.  

1

SPECIFIC: What exactly is to be done with the money involved? ie. What are you going to spend your money on (or save for)

1

MEASURABLE: What is the exact dollar amount?

1

ATTAINABLE: What is the step by step plan how the goal is to be reached?

1

REALISTIC: This part isn't really written down in the goal. Explain your Analysis your trade off and opportunity cost

1

Time Bound: Specifically state when the goal will be reached.

5

Write down your final goal statement utilizing ALL ELEMENTS of a SMART Goal