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Short term goal
S-I will save money towards college
M-I want to save $500
A-I will spend $30 less on eating out every month
R-The opportunity cost of saving money is more valuable than eating out
T- I will save money for the next two years -
Period: to
2017-I will quit my job to prepare for college.
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Period: to
2017-I will go to college after making a debit card.
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Period: to
2017-I will use all of my birthday and Christmas money only towards paying for college.
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Period: to
2018-I will spend $30 less on eating out
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Period: to
2018- In the end, I have saved up to $500
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Period: to
2020- I will graduate college
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Period: to
2020- I will take my Grandma's will out to put a down payment on the house.
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Period: to
2020-My new job will help pay for the condo
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Long Term Goal
S-I will buy a Condominium after graduating college.
M- I will buy one for around $200,000 dollars
A- I will not eat out, and I will spend less money on entertainment.
R-The opportunity cost is that using my Grandma's will money will be more valuable.
T- I will purchase this house in four years. -
Period: to
2022- After a year, the Will will start to build up and get me money back.
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Period: to
2022- The house will finally be paid off
