Setting Financial Goals
A worksheet for grade 9 students to learn about setting and achieving financial goals, including short-term, medium-term, and long-term objectives.
Includes
Standards
Topics
Setting Financial Goals
Name:
Date:
Score:
Read each question carefully and provide thoughtful answers. This worksheet will help you understand the importance of setting clear financial goals.
1. Which of the following is an example of a short-term financial goal?
Saving for retirement
Buying a new car in 10 years
Saving for a new smartphone in 6 months
Paying off a mortgage
2. What does the 'M' in SMART goals stand for?
Motivated
Measurable
Meaningful
Monetary
3. Financial goals can be categorized into three main types: short-term, medium-term, and .
4. A financial goal should be , meaning you have the resources and ability to achieve it.
5. It is not important to write down your financial goals; simply thinking about them is enough.
True
False
6. A budget can help you track your income and expenses to achieve your financial goals.
True
False
7. Describe one short-term financial goal you might have and explain how you plan to achieve it.
8. Explain why it is important to set realistic and achievable financial goals.
Use the words below to complete the sentences.
9. A SMART goal should be , meaning it is clear and well-defined.
10. To make a financial goal effective, it needs to be , with a deadline for achievement.