Goal Setting

  • Specific

    Specific

    I plan to save money for a trip to Germany
  • Measurable

    Measurable

    I plan to save about $2,500 for a trip to Germany
  • Attainable

    Attainable

    I plan to save $2,500 for a trip to Germany by putting $50 into a savings account every month, rather than spending $50 on unnecessary expenses
  • Realistic

    Realistic

    The opportunity cost of saving money for a trip to Germany is higher than spending $50 on unnecessary expenses every month.
  • Time Bound

    Time Bound

    I plan to save $2,500 for a trip to Germany by putting $50 into a savings account every month for the next four years.
  • SMART Goal

    SMART Goal

    After graduating college, I will put $50 into my savings account every month for four years to help save up for a trip to Germany, costing up to about $2,500 overall. The opportunity cost of saving money is more important to me than spending money on unnecessary expenses.