 Discuss Kuder and careers you chose  SMART Goals (Brief Notes to prepare for assignment)  Begin SMART Goals Planning Sheet How do my personal financial decisions impact my success?

“A dream is a wish the heart makes, a goal is a dream with a deadline!”

 Defines what you want to accomplish  Challenges you to exceed expectations.  Can Measure your progress  Allows to celebrate your successes  Evaluation identifies when you have strayed off the path  Know when you have accomplished the mission

 Academic(School, homework, grades)  Personal Relationships (friends, family, classmates, teachers)  Health  Self-discipline (Clean room, control emotions, be kind)  Money Management ( save money, find a job, avoid waste)  Career plans  Any other categories?

 Short term -can be accomplished within three months  Medium term- can be accomplished in 3 months to a year  Long term -can be accomplished in 1-10 years

S pecific-state exactly what should be done M easurable- Include how the goal can be measured A ttainable-Determine action steps to reach the goal R ealistic-a stretch but allow likelihood of success T ime bound- timeframe in which to be accomplished

 Specific: “I plan”  Measurable: “to save”  Attainable: for a down payment  Realistic: “on a car.”  Time Bound: ?

 Specific: “I will buy a new car”  Measurable: “by having $5000 for a down payment”  Attainable: “by saving $200 from every paycheck”  Realistic: “over the next two years”  Time Bound: “to take to college freshman year”

 Specific: “I want”  Measurable: “to run a race”  Attainable: “somewhere”  Realistic: “like California”  Time Bound: “someday”

Goal Statement: I will run the Rock and Roll marathon in 4 hours and10minutes on October 21,  Specific: Rock and Roll Marathon (26.2 miles)  Measurable: Distance and time frame  Attainable: Actions steps created to achieve goal.  Realistic: Realistic because I had accomplished 2 others but not within the goal time.  Time Bound: It gives me a specific date from which to plan backwards

The To-Do list:  Research training plans  Identify one that reflects my personal schedule  Plan workout schedule backwards  Register for Race  Begin training 12 weeks before race  Time short, medium and long runs)  Keep daily running journal to record distance, time, and course  Evaluate plan weekly  Adjust to refocus and keep on track

 Find the missing element (specific, measurable, attainable, realistic, or time bound) in the following financial goals  Financial Goal #1  I plan to save $5,000 for college living expenses in four years.

 Financial Goal #1 Answer: Attainable

 Find the missing element (specific, measurable, attainable, realistic, or time bound) in the following financial goals  Financial Goal #2  I plan to save for a new computer by saving $150 each month for one year.

 Financial Goal #2 Answer: Measurable

 Find the missing element (specific, measurable, attainable, realistic, or time bound) in the following financial goals  Financial Goal #3  I plan to save $2,500 by saving $105 each month for 2 years.

 Financial Goal # 3 Answer: Specific

 Find the missing element (specific, measurable, attainable, realistic, or time bound) in the following financial goals  Financial Goal #4  I plan to save $1,500 to buy a used car by saving $75 from each paycheck

 Financial Goal # 4 Answer: Time Bound

 Find the missing element (specific, measurable, attainable, realistic, or time bound) in the following financial goals  Financial Goal #5  I plan to save $2,000 to pay for a new computer by saving my whole paycheck for the next 6 months

 Financial Goal # 5 Answer: Realistic