Setting SMART Goals Objective Assessment

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Financial plans that are more than five years off are called

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long term goal

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Saving for vacation you are taking in 6 months is

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intermediate goal

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The purpose of goal setting in financial planning process is to

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provide direction for plans and action

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WHAT'S MISSING? I plan to save $3,000 for a new computer by saving my whole paycheck for 3 months.

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attainable

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WHAT'S MISSING: I will save $115 a month for two years from my babysitting money.

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specific

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What does the acronym SMART stand for?

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Specific, Measurable, Attainable, Relevant and Timebound

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IRS stands for ____________________.

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Internal Revenue Service

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"Should" goals often reflect ______________ values instead of _____________.

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other people's, your own

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Long-term goals have a time frame of.....

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more than a year

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Medium-term goals are usually categorized as:

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3- 12 months