Wednesday, February 8, 2012

Assessing SMART Goals

EQ - What are my SMART financial goals?
  1. Activator:  A look back to your Life Map
    • Where do you want to end up?
    • How are you going to get there?
  2. Your opening day note cards
  3. Analyze your first day financial goals
  4. Rework those goals to make them SMART goals
  5.  Sharing our SMART goals
  6. TOD - Explain your opinion on using the SMART goal setting strategy when creating your personal financial goals
EQ - How does opportunity cost affect our decisions?
  1. Activator: Gas Prices
  2. Calculate the Savings
  3. Discussion: What can we do with that extra money?
  4. Introduction to Opportunity Cost
    1. Examine your choices
    2. Weighing the benefits
    3. Making Your decision
    4. Identifying the opportunity cost
  5. Discussion Question: What are the benefits and opportunity cost of spending your income today?
  6. Discussion Question: What are the benefits and opportunity cost of saving some of your income?
  7. Analysis - College v. Entering the workforce
  8. Application: Complete "A Tale of Two Savers"
  9. TOD/Homework - 
    1. How does opportunity cost impact SMART Goals? 
    2. Analyze 1 of your SMART Goals and identify the opportunity cost/costs of achieving your goal.

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