Week $2$ Assignment: Financial Goals

Include five short$-$term financial goals below. Short$-$term goals are usually less than one year. Make sure each goal is SMART: Specific $($S$),$ Measurable $($M$),$ Achievable $($A$),$ Realistic $($R$),$ and Time$-$bound $($T$).$

Description of short$-$time financial goals

Amount $($$$)$

No$.$ of months

Priority

Action

Barrier

Example: pay off credit card debt

$$500$

$10$

High

Eat out less frequently

Run out of food to cook at home

Include five Medium or Long$-$term financial goals below. They tend to last more than one year. Make sure each goal is SMART: Specific $($S$),$ Measurable $($M$),$ Achievable $($A$),$ Realistic $($R$),$ and Timed $($T$).$

Description of longer$-$term financial goals

Amount $($$$)$

No$.$ of months

Priority

Action or Source

Barrier

Example: save for car payment

$$600$

$60$

Medium

Work part$-$time at retail store

Economic downturn

Start a retirement fund

High

Describe in more details about one of the financial goals with a high priority. Explain why this financial goal has a high priority for you.