1. Goals Galore! Ms. Barucky

2. 2.17.1.G1 © Family Economics & Financial Education – Revised April 2007 – Get Ready to Take Charge of Your Finances – Goals Galore! – Slide 2 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona What is a Goal? Goal - something a person intends to accomplish

3. 2.17.1.G1 © Family Economics & Financial Education – Revised April 2007 – Get Ready to Take Charge of Your Finances – Goals Galore! – Slide 3 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona Why Set Goals? Would you set out on a cross-country adventure without a road map? Setting goals are like a road map  Provide direction  Focus on the important things  Keep the end result in mind

4. 2.17.1.G1 © Family Economics & Financial Education – Revised April 2007 – Get Ready to Take Charge of Your Finances – Goals Galore! – Slide 4 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona Types of Goals Short-Term – can be accomplished within one year  Improving grades at school  Making the basketball team  Saving money to buy a new MP3 player Long-Term – can be accomplished in more than one year  Attending college  Getting a great job  Buying a new car

5. 2.17.1.G1 © Family Economics & Financial Education – Revised April 2007 – Get Ready to Take Charge of Your Finances – Goals Galore! – Slide 5 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona Short-Term or Long-Term? Read your game card Decide whether the goal is a short-term or long- term goal Move to the appropriate side of the room Explain your decision

6. 2.17.1.G1 © Family Economics & Financial Education – Revised April 2007 – Get Ready to Take Charge of Your Finances – Goals Galore! – Slide 6 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona Here Is A Challenge! Supplies: A pinch of toothpicks and a handful of small marshmallows Task: Create a free standing tower using your supplies But….Before you build, work as a team and write down a GOAL to serve as your road map Ready – Set – Build!

7. 2.17.1.G1 © Family Economics & Financial Education – Revised April 2007 – Get Ready to Take Charge of Your Finances – Goals Galore! – Slide 7 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona Did You Reach Your Goal? Was your goal specific? How did you measure if you reached your goal? Was your goal attainable or possible? Was your goal realistic? How much time did you set aside to achieve your goal?

8. 2.17.1.G1 © Family Economics & Financial Education – Revised April 2007 – Get Ready to Take Charge of Your Finances – Goals Galore! – Slide 8 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona SMART Goals In order to set goals effectively, they need to be well written Edit the goal you wrote for the tower using these guidelines:  Specific – State exactly what is to be done  Measurable – Include how the goal can be measured  Attainable – Determine steps to reach the goal  Realistic – Do not set goals for something unrealistic  Time Bound – State when the goal will be met A SMART GOAL to help the homeless video

9. 2.17.1.G1 © Family Economics & Financial Education – Revised April 2007 – Get Ready to Take Charge of Your Finances – Goals Galore! – Slide 9 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona SMART GOAL - tower  Specific – State exactly what is to be done I plan to create a tower with marshmallows & toothpicks.  Measurable – Include how the goal can be measured I plan to create a tower with marshmallows & toothpicks, it will be freestanding & at least 1 inch tall.  Attainable – Determine steps to reach the goal I plan to create a tower with marshmallows & toothpicks, it will be freestanding. In order to create it freestanding I will make a strong base.  Realistic – Do not set goals for something unrealistic I plan to create a tower with marshmallows & toothpicks, it will be at least 1 inch & freestanding with a strong base.  Time Bound – State when the goal will be met I plan to create a tower with marshmallows & toothpicks, it will be at least 1 inch tall & freestanding with a strong base. It will take me 10 minutes to create and stand by itself for at least 3 minutes.

10. 2.17.1.G1 © Family Economics & Financial Education – Revised April 2007 – Get Ready to Take Charge of Your Finances – Goals Galore! – Slide 10 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona Education Goals Help individuals prepare for success in the workplace  Examples include: Earning an A on an upcoming quiz Attending college Participating in extra-curricular activities  Include both short-term and long-term goals  Provide guidance and direction  Enable individuals to reach financial goals

11. 2.17.1.G1 © Family Economics & Financial Education – Revised April 2007 – Get Ready to Take Charge of Your Finances – Goals Galore! – Slide 11 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona SMART Education Goal Goal – “I want to attend college.” SMART goal –  Specific – I want to attend a four year college.  Measurable – Because I want to attend a four year college, I will earn a B in algebra.  Attainable – Because I want to attend a four year college, I will earn a B in algebra this semester.  Realistic – Because I want to attend a four year college, I will earn a B in algebra this semester to prepare me for the college entrance exam.  Time Bound – Because I want to attend a four year college, I will earn a B in algebra this semester to prepare me for the college entrance exam when I am a junior in high school.

12. 2.17.1.G1 © Family Economics & Financial Education – Revised April 2007 – Get Ready to Take Charge of Your Finances – Goals Galore! – Slide 12 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona A goal that guides financial planning  Do you have enough money to buy a new pair of shoes?  How are you going to pay the membership dues for an extra- curricular activity you want to join? Financial goals help achieve both short-term and long-term goals Making decisions is easier when financial goals have been set What is a Financial Goal?

13. 2.17.1.G1 © Family Economics & Financial Education – Revised April 2007 – Get Ready to Take Charge of Your Finances – Goals Galore! – Slide 13 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona SMART Financial Goals Goal – “I want to buy a new iPod.” SMART Goal –  Specific – I plan to save money for a new iPod.  Measurable – I plan to save $100 for a new iPod.  Attainable – I plan to save $100 for a new iPod by saving $20 from each babysitting job.  Realistic – I plan to save $100 for a new iPod by saving $20 from each babysitting job and putting it into a savings account.  Time Bound ??????

14. 2.17.1.G1 © Family Economics & Financial Education – Revised April 2007 – Get Ready to Take Charge of Your Finances – Goals Galore! – Slide 14 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona SMART Goals How can setting SMART education and financial goals help a person reach future success? It is like following a road map  SMART goals provide direction  SMART goals allow a person to focus on important things  SMART goals help people keep the end result in mind

15. 2.17.1.G1 © Family Economics & Financial Education – Revised April 2007 – Get Ready to Take Charge of Your Finances – Goals Galore! – Slide 15 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona Smart goal video http://www.youtube.com/watch?v=KdnWqMsT V38&feature=related http://www.youtube.com/watch?v=KdnWqMsT V38&feature=related