Managing your money

Creating SMART Goals

Review the goals and dreams from the “What Are My Goals” worksheet and rewrite them as SMART goals, which are:

Specific

Measurable

Achievable

Results-oriented

Trackable

Let’s say you want to pay off a credit card. That’s a good goal, but it’s not a SMART goal. Rewriting it as a SMART goal might look like this:

“In one year, I want to save $500 to pay off a credit card. I will save $42 every month, or $10.50 every week toward my goal.”

Now, that’s a SMART goal! Remember, goal-setting is one of the skills you will use over and over. It’s a skill for life.

SMART Goals Worksheet

Goals

Cost or Amount

Number of Months to Save

Monthly Savings

Weekly Savings

 

$

 

 

$

 

$

$

 

$

 

$

$

 

$

 

$

$

 

$

 

$

$



 
   
 
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