Transcript Goal Setting

Setting Goals and Planning
Making them SMART
Make Your Goals Specific
 Specific
– Fuzzy
• I want to have more money
– Precise
• I will save $20 per week by reducing spending on
entertainment and clothing
Make your Goals Measurable
 State what you want and when you want it.
– If you want to save $100, and your goal was to
save $20/week, a reasonable completion date is
5 weeks.
Make your Goals Action-Oriented
 Precisely how are you to achieve your goal?
Make your Goals Realistic
 I can afford to save this money
Make your Goal Timely
 Allow a reasonable time and set a deadline.
– Too much time allows you to lose focus
 It all adds up to SMART
Set Long Term and
Short Term Goals
 Long Term first
– Five years from now
– Personal development, lifestyle, school, career
 Then Short Term
– This semester
– Personal life –get involved in a community
activity
– Academic – don’t miss any classes
Develop a Plan of Action
 Daily planner
– Academic Goals
– Calendar – monthly and weekly goals
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Code different course in different colors
Pencil makes it easier to change
Write down major exams, papers, and projects
Figure out how much time you will need for each
task
• Make a copy of your calendar – one to carry to
class, one to post in your room
The Weekly Plan
 What do I expect to accomplish?
 What must I do to reach my goals?
 What are the priorities of the tasks?
 How much time will each task take?
 When will I do each activity?
 How flexible can I be to allow for
unexpected things?
Monday
Plan
AM 8:00
9:00
10:00
11:00
12:00
PM 1:00
2:00
3:00
4:00
Actual
Financial Goals
 Do you…
– Balance your checkbook?
– Use a financial program (Money, etc.)
– Know how much school costs?
– Have credit cards?
Account Basics
 Overdraft Protection
 Linked Savings
 Minimum Balance
 Other features to ask about
– ATM, fees, students accounts, online banking
Budgeting
 Be Real
 It all Counts
 Keep on Top of Things
 Add it Up
Plastic Intelligence Quotient
 Once you turn 25, credit card companies start rating you
on how you use credit.
– FALSE
 Credit card companies charge the same amount of interest
for whatever you charge
– FALSE
 As long as you pay your full monthly balance, you won’t
get charged any interest.
– FALSE
 If you lose your credit card, call the police right away.
– FALSE
So Your in Over Your Head
 Call your creditors!
– Most will work out a payment plan
 Focus
– Eliminate “want to have” in favor of “have to
have”
 Park the Plastic
 Consolidate
 What went wrong
Be Consistent and Persistent
 Keep after your goals
 Look at obstacles as challenges
Monitor Your Progress
 Use the weekly goals section to note your
progress.
How to Beat Procrastination
 Don’t wait to do the important tasks.
– Start Now!
 Reward yourself when you complete a task
 Work with and encourage others.
– Let them encourage you
 Be in control. Just let the phone ring!