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 MANAGEMENT - CLASS: C247001 – Hamilton Co. Fair and the State Fair Class – Write 3 SMART financial goals for yourself- One should be short term, one intermediate, and one long term. Explain how you intend to reach each goal you set.

• 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.

S.M.A.R.T GOALS 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?

TIMED GOALS SHORT TERM- ACHIEVED WITHIN 6 MONTHS INTERMEDIATE TERM- ACHIEVED IN 6 MONTHS TO A YEAR LONG TERM- ACHIEVED WITHIN A YEAR OR MORE

S.M.A.R.T GOALS S. M. A. R. T. Need (specific (measure- (attain- (rele- (time or able) able) vant) sensitive) Want? I plan to help my I am going to If I work on I need the Short Term- Want Example parents buy a contribute $10 this goal, I computer December 25 Goals new computer a week and will can for is my deadline before Dec. 25 track my contribute homework progress on a $120 in 12 and for chart on the weeks by fun. It is fridge for the mowing relevant to family to see. yards, me. babysitting and running a holiday gift wrapping service. Short term (6 Goal 1: months) Intermediate Goal 2: term (6 months – 1 yr) Long term (more Goal 3: than a year)

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!)

For More Information: amilton.unl.edu www.facebook.com/hamilton.unl/ www.hamilton.unl.edu