Assessing SMART Goals
Save $100 for a day trip to Dallas during spring break. (No) Specific- Where will you go during the day trip to Dallas? (Yes) Measurable (Yes) Attainable (Yes) Realistic (No) Time-bound- By what date do you want to have $100 saved? New goal- Save $100 for a day trip to the Dallas Zoo during spring break by April 1st.
Save money for a gift. (No) Specific- Who is the gift for? When will the gift be given? (No) Measurable- How much do you want to save for a gift? (No) Attainable- Is the value attainable? (No) Realistic- Is the gift and/or value realistic? (No) Time-bound- By what date do you want to have the value saved? New goal-Save $15 a week for the next month to buy my brother a video game for his birthday.
Save money by February 1st to purchase a dress for prom. (Yes) Specific (No) Measurable- How much do you want to save for the prom dress? (No) Attainable- Is the value attainable? (No) Realistic- Is the dress’s value realistic? (Yes) Time-bound New goal- Save $10 a week for the next 25 weeks to purchase a dress for prom by February 1st.
Save $50 for a trip to tour a college two hours from home. (Yes) Specific (Yes) Measurable (Yes) Attainable (Yes) Realistic (No) Time-bound- By what date do you want to have the $50 saved? New goal- Save $50 for a trip to tour a college two hours from home by March 15th.
Buy four new tires before winter (Yes) Specific (No) Measurable- How much do you want to save for the new tires? (No) Attainable- Is the value attainable? (No) Realistic- Is the value of the tires realistic? (No) Time-bound- Winter is not specific enough. By what date do you want to have the value saved? New goal- Save $40 for the next 8 weeks to buy four new tires by January 1st.