goals
A goal
what is the end result of something a person intends to acquire, achieve, do, reach or accomplish sometime in the near or distant future
what is a value?
what is a fundamental belief or practice about what is desirable, worthwhile, and important to an individual ?
What is a choice that is made about things that affect a person's well being?
The S in Smart
What is Specific ?
Financial Planning
What is managing money continuously through life in order to reach financial goals
Short term goal
What is attained in less than one year
Difference between needs and wants
What is something that you need to live and something that would make your life better or easier
Routine Decision
What is a Daily decisions that don’t require a lot of thought
The A in SMART
What is Achievable?
opportunity cost
What is the value of the next best thing that must be given up when making a decision. When you choose one thing, you are refusing the alternative.
to ensure that you reach a goal
What is Continually evaluating your goals, Make your goals public–Ask a friend or family member to hold you accountable–Use a goal setting website
Reward yourself for reaching your goal
What is -----------
Major Decision
What is something that Requires thought, effort, time, personal discipline
The R in SMART
Reasonable
want
What is something unnecessary but desired or items which increase the quality of living.
Long term goal
What is Long-term goal – attained in more than one year
The reason we need to learn our own values
So we can make the right decisions to best help us be successful in different areas
Financial Decision and give examples
Saving for a family vacation, Spending money wisely, Purchasing new items
T in SMART
what is and Time Bound
need and examples
Something though to be a Necessity or essential items required for life
- soap, toothpaste, food, water, shelter, clothes
Why do we make goals
So we can achieve something and be successful
The Steps to the decision making process
What is
1. Identify the problem
2. List alternatives
3. Consider the: Pros and Cons
4. Decide
5. Evaluate the Results
The M in SMART
What is Measureable