Strongsville High School Personal Finance – Mr. Tumino

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Presentation transcript:

Strongsville High School Personal Finance – Mr. Tumino Goal Setting Strongsville High School Personal Finance – Mr. Tumino

What is a goal? A written statement of something a person wants or needs to accomplish. Examples Graduate from high school Earn a college degree Buy a car Get a job Lose 15 pounds

Specific…….. Measurable… Attainable….. Realistic……. Time-Limited.. SMART Goals Specific…….. “Pay for lodging, transportation, meals for a 5-day trip to Washington, D.C.” Measurable… “$300 through fundraising, $50 from birthday money, save $25 a week.” Attainable….. “If I stick to my plan, I’ll have the money when I need it.” Realistic……. “I still have enough money to live on while I work toward this goal.” Time-Limited.. “I need to have all the money by 6 months from now.” Source: NEFE PowerPoint available online

Time-bound Goals Short Term Goals Long Term Goals Present to 6 months Long Term Goals 6 month and longer THIS WILL VARY AMONG RESOURCES

Activity Create a collage of your financial goals for the future. Use pictures from magazines, clipart from the computer, or your own artwork. The finished collages will be displayed in our classroom.

Writing Prompt Write a paragraph identifying one of your long or short-term goals. Explain how it reflects your needs, wants, values, and priorities. Write an action plan to achieve the goal, including tasks, timelines, resources needed, and barriers anticipated.