Personal Money Goals Reflection- Day 6

πŸ”„ Quick Recap

Before we start, let’s remind ourselves:

  • Short-Term Goals πŸ“
    β†’ These are goals you can reach in a few weeks or months.
    βœ… Example: Saving for a new game or skateboard.
  • Long-Term Goals ⏳
    β†’ These are goals that usually take a year or more to accomplish.
    βœ… Example: Saving for a car, college, or travel.

πŸ’‘ SMART Goals Review

SMART stands for:

  • S – Specific
  • M – Measurable
  • A – Achievable
  • R – Relevant
  • T – Time-bound

Example Goal:

β€œI will save $100 over the next 5 weeks by setting aside $20 each week from my allowance.”

Let’s break it down:

  • βœ… Specific: Save $100
  • βœ… Measurable: $20 each week for 5 weeks
  • βœ… Achievable: She can realistically save $20 weekly
  • βœ… Relevant: It’s her money and goal
  • βœ… Time-Bound: She set a clear 5-week timeline

✨ Personal Reflection

Now it’s your turn! Think about your own life and answer these questions:

  • πŸ’­ What do you want to save for?
  • πŸ’² How much will it cost?
  • ⏱ How long will it take to achieve?
  • πŸ™Œ How can you make this goal realistic and personal?

Write a few quick notes before moving to the activity.


You will create one short-term goal and one long-term goal using the SMART format. Be specific, make it realistic, and choose goals that matter to YOU.

🧭 Goal Drafting Template

βœ… Tip: Be honest with yourself. Your goals should be clear and doable, but still a little challenging.


Optional Extension

  • Share your goals with a parent, sibling, or friend.
  • Give each other positive feedback and ideas for making the goals even better.

πŸ— Key Terms to Remember

  • Short-Term Goals – Goals you can achieve soon.
  • Long-Term Goals – Goals that take more time.
  • SMART Goals – Goals that are Specific, Measurable, Achievable, Relevant, and Time-Bound.

Now let’s see what you know!

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