Goal Setting Timeline

By Jeffersonan Co.

  • Step 1

    Step 1
    S-I plan to save for a down payment on a new car
    M-I plan to save $6k for a down payment on a car
    A-i plan to save 6k for a down payment on a car by saving $175 from each paycheck before anything else
    R-The opportunity cost of saving for a new car is higher than spending $175 every check on something else
    T-I plan to save 6k on a down payment on a new car by by saving $175 each check before spending it on anything else until i save 6k

  • Step 2

    Step 2
    I will start saving $175 every check, which is bi-weekly at Sonic

  • Step 3

    Step 3
    Open a students saving account

  • Step 4

    Step 4
    Save all the necessary amount of money (6000)

  • Step 5

    Step 5
    Go to the Car dealership and pay for the downpayment