Unit One - SMART goals, budgeting and spending wisely.

In this unit, you will begin your journey toward savvy money management by learning about the financial planning

process. People who "have it all" didn't get there by accident. They made a financial plan and followed it. So

you will use what you learn to create your own personal financial plan. Later, we'll build upon this by discussing

other aspects of managing your money.

How can you use this in your life?

 

You will use what you have learned in this unit to create your own personal financial plan.

 

In the process of creating your financial plan, you will . . .

… examine the value of having a process of planning how to use money

… create personal financial SMART goals

… analyze how money is received and used

… use the decision-making process to create a financial plan

… identify guidelines to implement a personal financial plan

… monitor and modify a personal financial plan

 

You will know you have succeeded when:

• Your financial plan includes at least one short-term SMART goal (zero to three months)
  
• Your financial plan includes at least one intermediate-term SMART goal (three months to one year)
  
• Your financial plan includes at least one long-term SMART goal (more than one year)
  
• Your financial plan includes a [week/month] record of how your money has been received and used
  
• You show your decision-making process to allocate your money
  
• You describe at least two factors that will impact your plan
  
• You list at least three strategies to use to follow your plan
  
• You explain how you will monitor your plan
  

 
 

ASSIGNMENT ONE: Document your personal spending from Aug 13 to Aug 19. Share your finding via this blog

during that time period.