Smart Goal: Purchasing An Apartment

By tylerlittle001

  • S.M.A.R.T Goal: Purchasing an Apartment

    S.M.A.R.T Goal: Purchasing an Apartment
    S - I want to save money for an apartment.
    M - I will save $1500 for the down payment and first months rent.
    A - I will save $300 per month.
    R - It is realistic because I have a job and a roommate to split the cost of living with.
    T - It will take us about four months to save up, as my roommate and I are both saving.

  • Step 1

    Step 1
    I will start by asking my Employer for more hours, that way I can budget my time more efficiently while getting more money then usual.

  • Step 2

    Step 2
    I will create a budget plan so that I can manage my expenses and choose between what is need and what is wanted.

  • Step 3

    Step 3
    Start looking for an apartment that fits our styles while also staying within our budget. Satisfaction is very important not only in choosing a place that you will likely live in for many year, but also in your wallet.

  • Step 4

    Step 4
    Once everything is picked out and ready to go, ask the older family members for help/advice, as they will be more experienced with moving to a new place, especially a first home.

  • Step 5

    Step 5
    Finally, there will be items that we wont have once moved in. Purchasing cooking utensils, food, and other utilities will be very important. Purchasing new items rather then pre-owned will be the better option.Even though it might cost a significant amount more, it will also last a lot longer.