SMART GOALS
What does the S represent in SMART? Give an example of how to do so.
What is Specific? Make your goals specific and narrow for more effective planning.
What is Step 1?
What is saving for college and looking for scholarships?
Define a Grant.
What is awards based on financial need?
What is one page?
What is the difference between a short and long term goal?
What is a short term goal is achieved in less than a year and a long term goal is set for a period of time longer than a year?
What does the M represent in SMART? Give an example of how to do so.
What is measurable? Set a monetary value you must achieve.
What is Step 2?
What is filing for FAFSA?
Define a Scholarship and an example of one.
What is awards based on merit (academic, athletics, or talent)?
What is the purpose of a cover letter?
What is to highlight key elements of your resume and persuade your employer to read your resume?
Should you ever end your financial planning timeline? Why or why not?
What is no? Financial planning is an ongoing process.
What does the A represent in SMART? Give an example of how to do so.
What is attainable? Set a reasonable and attainable time frame for your goal.
What is Step 3?
What is compare financial aid award letters from colleges that have offered you admission?
Loans with lower term rates mean what?
What is least amount of interest on a loan?
What else do you want to know about a job when applying?
What is salary and benefits?
List two ways you can identify personal values.
What is defining what is important to you and reflecting personal beliefs that are important to you?
What does the R represent in SMART? Give an example of how to do so.
What is Step 4?
What is complete financial aid paperwork for the college you plan to attend?
It is recommended that your educational loan payments require no more than 10‐15% of your estimated starting income. What would a student need to calculate to determine the cost of education/training compared to their estimated starting salary?
What is debt to income ratio?
What should you highlight in your resume?
What is your abilities, skills, and achievements?
What is a trade-off? Give an example of one.
What is a sacrifice that must be made to get a certain product or experience?
What does the T represent in SMART? Give an example of how to do so.
What is time? Set a realistic time frame for when you want to accomplish your goal.
What is Step 5?
What is pay your first college bill?
What are Grants and Scholarships, Work-Study, Federal Loans, and Private Loans?
What do you want to look for when searching for a job?
What is matching skills, abilities, interests and values, and applying within your qualifications?
List four ways you can improve your financial well-being.
What is taking a personal finance class to learn about money, limit unnecessary spending, living within your means, and understanding debt to income ration?