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S.M.A.R.T. Financial goals Supplies for Project -Notebook or paper - - PowerPoint PPT Presentation
S.M.A.R.T. Financial goals Supplies for Project -Notebook or paper - - PowerPoint PPT Presentation
S.M.A.R.T. Financial goals Supplies for Project -Notebook or paper to write on -Pen or pencil - 3 envelopes - Label one each SHORT TERM - GOAL INTERMEDIATE - GOAL LONG TERM - GOAL FAIR PROJECT - PROJECT: CONSUMER
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- Notebook or paper to
write on
- Pen or pencil
- 3 envelopes
- Label one each
- “SHORT TERM
GOAL”
- “INTERMEDIATE
GOAL”
- “LONG TERM
GOAL
Supplies for Project
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FAIR PROJECT
- PROJECT: CONSUMER MANAGEMENT
- CLASS: C247001 – Hamilton Co. Fair and the
State Fair Class –Write 3 SMART financial goals for yourself- One should be short term,
- ne intermediate, and one long term. Explain
how you intend to reach each goal you set.
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- NEEDS VS. WANTS
- NEED- Something you have to have in order to
survive.
- WANT- is something that enriches your life but isn’t
required.
- GOALS
- Goals are things we want to achieve.
- Talk about our goals today.
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- 1. S – SPECIFIC: BE AS DETAILED AS
POSSIBLE WHEN WRITING YOUR GOAL
- 2. M- MEASURABLE: HOW WILL YOU
TRACK YOUR PROGRESS TOWARDS COMPLETING YOUR GOAL?
- 3. R- RELEVANT: DOES YOUR GOAL
RELATE TO YOU AND IS IT SOMETHING YOU WANT TO ACHIEVE?
- 4. T- TIMED: WHEN DO YOU WANT TO
COMPLETE YOUR GOAL? NEXT WEEK? NEXT MONTH? IN 5 YEARS?
S.M.A.R.T GOALS
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SHORT TERM- ACHIEVED WITHIN 6 MONTHS INTERMEDIATE TERM- ACHIEVED IN 6 MONTHS TO A YEAR LONG TERM- ACHIEVED WITHIN A YEAR OR MORE
TIMED GOALS
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S.M.A.R.T GOALS
S. (specific M. (measure- able) A. (attain- able) R. (rele- vant) T. (time sensitive) Need
- r
Want?
Example Goals
I plan to help my parents buy a new computer before Dec. 25 I am going to contribute $10 a week and will track my progress on a chart on the fridge for the family to see. If I work on this goal, I can contribute $120 in 12 weeks by mowing yards, babysitting and running a holiday gift wrapping service. I need the computer for homework and for
- fun. It is
relevant to me. Short Term- December 25 is my deadline Want
Goal 1:
Short term (6 months)
Goal 2:
Intermediate term (6 months – 1 yr)
Goal 3:
Long term (more than a year)
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Activity:
- Label your envelopes
- Short Term goal
- Intermediate Goal
- Long Term Goal
- Write those SMART goals on
each envelope. (you can re-create the little chart on each if it helps!)
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