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Setting a Financial Goal Pg. 35

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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.
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Question 1
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)

Question 2
2.

MEASURABLE: What is the exact dollar amount?

Question 3
3.

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

Question 4
4.

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

Question 5
5.

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

Question 6
6.

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