Goal Setting Quiz

Ali wants to buy a new laptop. He writes down a goal of saving $1,200. What detail is this goal missing?

• It is not measurable.

• It is not attainable.

• It is not realistic.

• It is not time-based.

Zoya's friends invited her to go on a trip abroad during summer vacation. She writes down a goal of saving enough money over the next five months. What detail is this goal missing?

• It is not measurable.

• It is not attainable.

• It is not realistic.

• It is not time-based.

Mateo wants to buy a new guitar and amp that will cost about $2,500. He works part time at a cafe and brings home around $500 per week. He tells his friends he plans to buy the guitar in about two months. What detail of this goal is missing?

• It is not measurable.

• It is not attainable.

• It is not realistic.

• It is not time-based.

Paying yourself first, sticking to a budget, pacing yourself, living within your means, and knowing where your cash goes are all ________________.

• ways to balance expenses and savings

• methods to increase your income rapidly

• ways to afford everything you want

• guaranteed to prepare you for every expense

• ensure that you are able to retire comfortably

A goal to save money for a new saxophone is _______.

• specific

• measurable

• expensive

• attainable

• time-based

A measurable savings goal spells out ______________________.

• how much money needs to be saved

• when the money will be saved

• what the money needs to be saved for

• where the money will be saved

• why the money needs to be saved

A time-based savings goal describes ______________________.

• when the money will be saved

• how much money needs to be saved

• why the money needs to be saved

• what the money needs to be saved for

• where the money will be saved

I will save money to buy a used car. Why is this not a good example of a SMART goal?

• It’s neither specific nor time-based.

• It's not attainable.

• It’s not realistic.

• None of the above