SMART Goals Quiz

What does the 'R' in SMART goals stand for?

• Relevant

• Rewarding

• Reliable

• Realistic

What does the 'T' in SMART goals stand for?

• Time-bound

• Timely

• Trackable

• Tangible

Which of the following is an example of an Achievable goal?

• Read more

• Become well-read

• Improve reading habits

• Read 12 books in a year

Which of the following is an example of a Time-bound goal?

• Improve skills

• Learn something new

• Complete a course

• Complete a certification course in 6 months

Which is the best SMART GOAL for paying off $3000 in credit card debt?

• I will pay off my $3,000 credit card debt in 10 months by putting $300/month (plus interest) towards it. I will achieve this by cutting my entertainment budget and not using my card during this time.

• I will pay off my $3,000 credit card debt by using my savings.

• I will pay off my $3,000 credit card debt eventually.

• I will pay off my $3,000 credit card debt by putting $100/month towards it.

Which of the following is an example of a short-term goal?

• Save $5,000 in the next 5 years for a vacation

• Save $100 by December 15, 2025 for gifts

• Save $10,000 by the time I am 18 years old for a down payment on a car

• Save money for a down payment on a house

What is an example of a long-term goal?

• Save $10,000 by the time I am 18 years old for a down payment on a car

• Save $100 by December 15, 2025 for gifts

• Save $500 in the next 6 months for a new phone

• Save money for a down payment on a house

What is an example of a short-term goal?

• Save $10,000 by the time I am 18 years old for a down payment on a car

• Save money for a down payment on a house

• Save $5,000 in the next 5 years for a vacation

• Save $100 by December 15, 2025 for gifts

How much does Sanjana have to save every MONTH to buy the $400 computer in 9 months?

• $50.00/mo

• $40.00/mo

• $45.00/mo

• $44.44/mo

How much does Sanjana have to save every DAY to buy the $400 computer in 9 months?

• $1.70/day

• $1.59/day

• $1.60/day

• $1.50/day