Financial Goal Setting

Name:

Date:

📚 Part 1: Multiple Choice

1. Which best describes a financial goal?

Something you buy today

A plan to save or spend money for a specific purpose

A monthly bill you must pay

2. Which of the following is the most SMART financial goal?

Save some money for a holiday someday

Save $500 for a school camp in 6 months

I want more savings

3. Which SMART element answers the question: "How will I know I’ve reached it?"

Specific

Measurable

Achievable

4. Check all actions that will help you reach a savings goal:

Create a weekly budget

Spend impulsively when you feel like it

Set a timeline with target dates

Ignore tracking progress

✏️ Part 2: Short Answers & Action Plan

5. Write one personal financial goal using the prompt below (be specific):

I want to save $________ for __________________ by ____/____/______ (DD/MM/YYYY).

6. Choose the goal term that best fits your date above:

Short-term (under 6 months)

Medium-term (6–12 months)

Long-term (over 12 months)

7. List three clear steps you will take to reach this goal (e.g., save $X each week, cut a cost):

8. Name one likely challenge and one way you could overcome it:

Challenge: __________________________

Solution: ___________________________

9. Quick calculation: If your goal is $________ and your deadline is ______ months, how much would you need to save approximately per week? Show your working.

Financial Goal Setting

Financial Goal Setting

📚 Part 1: Multiple Choice

✏️ Part 2: Short Answers & Action Plan

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