The SMART goals for Roxy will be illustrated as:
Specific: Roxy wants to start saving for an emergency fund.
Measurable - Roxy simply needs to measure the amount of money that she is getting every month and how much she uses for necessities.
Achievable- Roxy should think deeply whether she can keep up with it and if it is doable. Can she contiously put money into the fund every time she gets paid?
Realistic- Roxy's goal is what she could need in the future, she needs to think if this goal is something she needs for the future. Is this something that is realistic for her to do?
Timely - The goal should be timely. This is important for the accomplishment of the goal.
<h3>What is SMART?</h3>
The acronym S.M.A.R.T. provides guidelines for setting goals and objectives for better results in project management, employee performance management, and personal development, among other areas. George T. Doran first coined the phrase in the Management Review issue from November 1981.
In this case, the SMART goals for Today have been explained above.
Learn more about SMART on:
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Creating a Personal Budget
The amount of money used for basic personal expenses such as housing, food, transportation, and taxes is called the cost of living. The cost of living for a city indicates how expensive or inexpensive it is to live there. Explore the cost of living for a few different cities.
Roxy is planning to move to Fort Lauderdale, Florida, and work as a nurse. She has one dog and no children. She uses public transportation and plans to rent an apartment when she moves. The new company she’ll work for pays employees bimonthly, which means twice a month. In this activity, you’ll help Roxy make a budget.
Part A
Roxy decides that she wants to set a financial goal of saving for an emergency fund. Write about some of the ways Roxy could make her financial goal a SMART goal.
Remember, a smart goal adheres to the SMART acronym:
Specific
Measurable
Achievable
Realistic
Timely
