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Specific
I would like to save up for a new car, because mine is very old and will probably die on me soon. -
Measurable
I plan to save $100 a month to buy a new car. -
Attainable 1
I will save $100 a month each month to buy a new car by automatically saving $100 a month from my paycheck so I do not buy things I don't need such as clothing or electronics. -
Attainable 2
Instead of going out to dinner all the time with friends, instead I will find something at home to eat. Instead of the money being used for food, I will be able to save more for my car. -
Attainable 3
I want to start using the rest of my money from my paycheck only when I need it. Instead of going to the gas station all the time or going through Mcdonalds, I will instead take a water from home and eating before I go out. I will save money this way and could even put that money into my savings. -
Attainable 4
I also would like to sell some of the clothes that I have. I have way too many that I do not wear anymore that I could probably sell on ebay. I would like to earn at least $100 off of the clothing that I do sell, and it will be used towards saving up for a new car. -
Attainable 5
Another way to save up money would be that I would like to babysit for my family friends on the weekends. I would like to save up to at least $50 a month in order to save more money for the new car. -
Realistic
The opportunity cost for saving up for a new car is that I don't get to spend the other $100 dollars a month on other items such as food, clothes, etc. The trade off for saving up for a new car is that I'm giving up a portion of my paycheck every month. -
Time Bound
I plan to save $100 dollars a month each month in order to buy a new car by automatically saving the money from each paycheck before spending that money on other expenses. I will also take extra measures in order to save and make more money to save up for the car. I want to save up every month for three years.
