Goals and Planning

Your friend tells you they saved ₹100 in a week. You only saved ₹50. Does this mean your goal is not achievable?

• Yes, you should give up on your goal

• No, everyone saves at their own pace

• You should save less money each week

• You should ask your friend for their money

You're saving for a new pair of shoes, but your friend convinces you to go to the movies instead. What can you do to stay on track with your goal?

• Give up on your goal and go to the movies

• Ask your parents for more money for both the movie and the shoes

• Forget about the goal and hope to find the shoes on sale later

• Explain to your friend about your goal and politely decline

Your cousin tells you they don't believe in setting goals because things might change. Why are SMART financial goals still helpful?

• They provide a clear plan and keep you motivated

• They guarantee your plans will never change

• They force you to save money you don't have

• They make you stressed about the future

What is an example of a measurable goal?

• Become a better athlete

• Read 2 books this month

• Learn a new skill

• Help others

S in SMART stands for _______.

Which of these is an example of a long-term goal (more than 7 years)?

• Improve my grades this year

• Learn a new recipe this week

• Become a doctor

• Save money for a new book

What does it mean to be consistent when working towards a goal?

• Do it sometimes, whenever you feel like it

• Give up easily if you face challenges

• Change your goal frequently

• Do it regularly, following your plan

If your goal seems too hard, you can break it down into _______ steps.

Answer explanation

Breaking your goals into smaller steps makes it easier for you to work towards it!

"Set a deadline for achieving your goal to create a sense of urgency and focus your efforts." Which aspect of SMART does this statement convey?

Answer explanation

The answer is time-bound. Setting a deadline is a time-bound action.

______ are desired outcomes we aim at and work towards.