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Discover the art of setting effective goals using the SMART framework—Specific, Measurable, Action-Oriented, Realistic, and Timely. Learn how to distinguish between long-term and short-term objectives, formulate a robust action plan, and prioritize your tasks effectively. This guide delves into financial planning, budgeting, and the importance of monitoring your progress. Say goodbye to procrastination and unlock your potential by keeping focused and consistent. Transform vague aspirations into concrete achievements and take control of your future today!
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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 andShort 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 • 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?
AM 8:00 9:00 10:00 11:00 12:00 PM 1:00 2:00 3:00 4:00 Plan Monday 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!