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Setting a SMART savings goal

Updated

Students discuss short-term and long-term goals and what makes a goal SMART. They then create their own short-term savings goal and make an action plan to meet that goal.

Big idea

Saving money can help you achieve financial well-being.

Essential questions

  • How can I reach my savings goals?
  • What is a SMART goal?

Objectives

  • Understand the concept of a SMART goal
  • Create a SMART savings goal and savings targets
  • Identify steps they can take to reach their targets

What students will do

  • Review the key elements of a SMART goal.
  • Use the “Setting a SMART savings goal” worksheet to set a SMART savings goal.
  • Create savings targets and a savings plan to achieve this goal.

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Teacher guide

Setting a SMART savings goal (guide)

Student materials

Setting a SMART savings goal (worksheet)

Note: Please remember to consider your students’ accommodations and special needs to ensure that all students are able to participate in a meaningful way.

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