Docstoc

Are the Goals SMART

Document Sample
Are the Goals SMART Powered By Docstoc
					                            Are the Goals SMART?
   By writing goals that are SMART, you will have a good start to help you meet your personal and
                                          financial goals.
                                  Remember SMART stands for
                     Specific, Measurable, Attainable, Realistic and Time bound.

The goals below are missing SMART criteria. Can you tell what is missing?
Rewrite the statements into SMART goals.


   1. Save $100 for a day trip to Dallas during spring break.
      Missing component(s):
       ____________________________________________________________________________
       ____________________________________________________________________________
       ____________________________________________________________________________
   2. Save money for a gift.
      Missing component(s):
      ____________________________________________________________________________
       ____________________________________________________________________________
       ____________________________________________________________________________

   3. Save money by February 1 to purchase a dress for the prom.
      Missing component(s):
      ____________________________________________________________________________
       ____________________________________________________________________________
       ____________________________________________________________________________

   4. Save $50 for a trip to tour a college two hours from home.
      Missing component(s):
      ____________________________________________________________________________
       ____________________________________________________________________________
       ____________________________________________________________________________

   5. Buy four new tires before winter.
      Missing component(s):

       ____________________________________________________________________________
       ____________________________________________________________________________
       ____________________________________________________________________________
My SMART Goals

                       There are two important things to keep in
                       mind about your SMART goals. First, they
                       should be meaningful to you—something you
                       really want to achieve and not just something
                       your friends think you should do. Otherwise,
                       you’ll lack the motivation to stick with your
                       plans. Second, you should always write your
                       goals down and keep them in a place where
                       you’ll see them often, as a reminder of what
                       you’re working toward.




So what are your SMART financial goals? List at least three goals—one short, one intermediate and
one long-term. Also, decide whether each is a want or a need.
Be sure the goals you list are S-M-A-R-T.

  Specific Financial Goal                            Objectives                           Estimated     Timeline
                                     (Measurable and realistic strategies/ways to reach     Cost      Achievement
                                                           goal)
                                                                                                          Date
             Sample:                 Assist with group fund-raising activities              $1,000    Six months from
 Pay for lodging, transportation,    to reduce individual cost by $300.                                  1/20/2010
meals, and sightseeing for a five-   • Save $50 of birthday money for trip
day trip to Washington, D.C., with   fund.
           School group.             • Save $25 per week for trip fund.
                                             _ Reduce spending on clothing
                                             and fast food.
                                             _ Earn money from part-time
                                             job on weekends.
Short




Intermediate




Long

				
DOCUMENT INFO
Shared By:
Categories:
Tags:
Stats:
views:23
posted:10/21/2011
language:English
pages:3