When it comes to saving, it’s not enough to stuff cash in a piggy bank and hope for the best. You need to set goals. More importantly, those savings goals need to be SMART!
Watch the video to learn more about Setting Goals for Saving, then test your knowledge at the end of the lesson.
Which of the following is not a characteristic of setting SMART financial goals?
A. Measurable
B. Attainable
C. Specific
D. Reactive
What is an example of a common savings goal everyone should prioritize?
A. Emergency fund
B. New car
C. Family reunion
D. Home renovation
It’s SMART to take advantage of investment opportunities before you begin building a financial safety net.
A. True
B. False