1. S-M-A-R-T GOAL CRITERIA S pecific M easurable T ime Bound R ealistic A ttainable 1-G

2. SPECIFIC State exactly what is to be done with the money involved. Example: I plan to save for a down payment on a new car.

3. MEASURABLE To make a goal measurable, write the exact dollar amount the goal is for. Example: I plan to save $5,000 for a down payment on a new car.

4. ATTAINABLE To make a goal attainable, determine how the goal can be reached, which is often determined by an individual’s budget. Example: I plan to save $5,000 for a down payment on a new car by saving $200 from every paycheck.

5. REALISTIC Do not set the goal for something unattainable or unrealistic. Must represent an objective toward which you are both willing and able to work. Example: If a person is working and barely meeting their immediate needs, saving $5,000 for a new car is not something they can afford.

6. TIME BOUND To make the goal time bound, specifically state when the goal needs to be reached. This is influenced by how attainable the goal is. Example: You would have to save for just over 2 years to reach $5,000 at $200 a month.

7. Final Goal Statement I plan to save $5,000 for a down payment on a new car by saving $200 from every paycheck for two years.

8. SMART Goals S pecific…….. M easurable… T ime Bound.. R ealistic……. A ttainable….. “Pay for lodging, transportation, meals for a 5-day trip to Washington, D.C.” “$300 through fundraising, $50 from birthday money, save $25 a week.” “If I stick to my plan, I’ll have the money when I need it.” “I still have enough money to live on while I work toward this goal.” “I need to have all the money by 6 months from now.” 1-H

9. What is Missing?

10. I plan to save $5,000 for college living expenses in four years. Attainable

11. I plan to save for a new computer by saving $150 each month for one year. Measurable

12. I plan to save $2,500 by saving $105 each month for 2 years. Specific

13. I plan to save $1,500 to buy a used car by saving $75 from each paycheck. Time Bound

14. I plan to save $2,000 to pay for a new computer by saving my whole paycheck for the next 6 months. Realistic