Setting Financial Goals

By VinsonJI
  • Specific

    Specific

    I plan to save for a new cell phone.
  • Period: to

    Setting Financial Goals

  • Measurable

    Measurable

    I plan to save $200 for a new cell phone.
  • Attainable

    Attainable

    I plan to save $200 for a new cell phone by saving each $50 from $100 monthly allowance for 4 months.
  • Realistic

    Realistic

    The opportunity cost of saving for a new phone is higher than spending $50 monthly for other things.
  • Time Bound

    Time Bound

    I plan to save $200 on a new cell phone by saving $50 from each monthly $100 allowance for 4 months. Should have phone by now.