Setting Smart Goals
Providing a description or statement that is precise, exact, and detailed; rather than vague or general.
What is Specific?
Something essential for survival, such as food, water, and shelter, while a want is something you desire to improve your quality of life or for personal satisfaction but can live without.
What is a need?
The process of calculating how much money you must earn or save during a particular period of time, and of planning how you will spend it.
What is budgeting?
A digital content creators with established who build large, loyal audiences to promote products and services.
What are social media influencers?
A security method that requires users to provide two different types of proof to verify their identity before gaining access to an account or system.
What is two-step authentication?
A quantifiable target that includes specific numbers, dates, or criteria, allowing you to track progress and determine when the goal has been achieved.
What is measurable?
Desires for things that are not essential for survival but improve quality of life, like a new video game or a vacation.
What is a want?
The process of calculating how much money you must earn or save during a particular period of time, and of planning how you will spend it.
What is 50/30/20 budgeting?
The persistent feeling that others are having more rewarding experiences than you are, often fueled by social media's curated highlights of peers' lives.
What is FOMO?
Recommended to do this if you have multiple financial online accounts.
What is a strong password?
A quantifiable target that includes specific numbers, dates, or criteria, allowing you to track progress and determine when the goal has been reached.
What is achievable?
Food, shelter, and basic clothing.
What is a need?
A method of managing finances by dividing your income into categories with set spending limits for each. Traditionally, this involved using physical cash and labeling for specific expenses.
What is envelope budgeting?
Identifying a specific group of consumers that a business aims to reach with its products, services, or advertising efforts because they are most likely to purchase them.
What is target marketing?
Intentional deception, misrepresentation, or dishonest behavior used to gain an unfair advantage. It can be many forms, such as insurance, identity, or financial.
What is fraud?
A goal is one that is attainable given your resources and skills, has defined steps for progress, a clear deadline, and aligns with your broader objectives.
What is realistic?
Luxury items like designer clothing or high-end versions of everyday items.
What is a want?
A method that requires every expense to be justified for each new budgeting period, starting from a "zero base".
What is zero based budgeting?
Facebook, IG, TikTok and more...
What are common social media influencers?
These are common in today's world; malware attacks (including viruses and ransomware), phishing and social engineering attacks.
What are technology-based attacks?
A provides a deadline, creating urgency and a clear time frame for achieving the Specific, Measurable, Attainable, Relevant goals.
What is timely?
It helps you prioritize spending, manage your finances, and make intentional decisions about your well-being and goals.
What is differentiating between wants and needs?
A budgeting strategy where you prioritize saving a portion of your income by moving it to a savings or investment account immediately after getting paid, before paying for bills or discretionary spending.
What is pay yourself first budgeting?
These influencers range from massive, globally recognized figures to smaller, more engaged niche creators, each with different types of influence and reach many platforms.
What are "Mega Celebrities"?
A crime that involves someone using your personal or financial information without your permission for fraudulent purposes. Thieves can steal your name, Social Security number, credit card information.
What is identity theft?