Partners In Learning Blog Team

Partners In Learning Blog Team
Blog Team

Saturday, February 26, 2011

Manage Your Money

Financial goals are the specific things you want to do with your money within a certain period of time. Goals give targets for different periods in the future. Goals need to be in writing and SMART.

S- Specific. Set goals you can clearly name.

M- Measurable. Determine the amount of time and money it will take you to reach them. Mutual. If you share money with other family members, goals that you agree on will be easier to achieve.

A- Attainable and Achievable. Maybe it’s impossible to save $100 a month right now; adjust your time and try for $25.

R- Realistic. You may need to be more     practical about the goal you have set. Relevant. Make sure your goals fit your needs and situation.

T- Time bound. Set a target date.
    For example NOT “spring 2012”
    BUT April 16, 2012

No comments:

Post a Comment