Welcome to the 2009-2010 SMHS Savings Challenge

In the SMHS Savings Challenge, students compete to achieve their savings goals over the course of the school year. A+ financial coaches guide these students and help them learn life-long money management skills. This blog will feature posts by past and present contestants, A+ coaches, and others.

Setting, and Achieving, Goals

Monday, March 22, 2010

Setting goals is an easy thing to do, achieving them is the challenge.

That is an important thing to keep in mind when you are setting a goal for yourself. You have to ask yourself, is this goal attainable, or just something unrealistic? The key in this is to set a goal that you can achieve.

People tend to set goals and never actually achieve them because the fact that setting a goal is easy but losing sight of it is even easier.

After our luncheon about setting smart goals I realized that just thinking about a goal doesn’t help you achieve it, you have to take action and DO something! Here are some steps to take to help you achieve your goal

Take a stand!

A big factor is how much effort you will really contribute to accomplishing this goal. SO before you set any goal for yourself whether it’s a goal pertaining to your occupation or a personal goal you set just for you, take a stand in your mind that despite what obstacles it involves you will stick with it till it is FULLY accomplished.

Divide your goals into three categories

- One category being short-term goals (within the next three months), for example…a pair of shoes you want

- One category being intermediate-term goals (between three months and a year), for example…a spring break trip you plan on taking.

- And the last category being long-term goals (more than a year), for example…saving for college



Get your priorities straight

Your goals need to be in sync with your priorities, according to the type of goal being set. Look at your present situation first and evaluate where you are failing to improve there so that you can foreshadow how your long-term goals will turn out and if indeed they are realistic to fit you.

You also have to make sure they are SMART goals. In the last luncheon we learned what each word in SMART (according to setting goals) stands for:

Specific
Measurable
Attainable
Realistic
Time bound

It is important to keep all these key points in mind when setting your smart goals.

Write them down!

Sure people will say, “Why do I have to write them down? That’s silly, I know them all already, that is just a waste of time.”

Despite how silly you think this is, it WORKS!

Put them on your mirror, in your sock drawer, wherever you will see them. By seeing your goals every day, it enables you to not lose sight of them, which helps you better achieve them in the long run. When you just have them in your head not written somewhere for your eyes to attract, you may forget or not be reminded of them as you would if you saw them every day to motivate you!

Re-evaluate, take a second look.

Once you have them written down, make sure they are realistic and attainable for you. Are they way out of reach? Are they to simple? Don’t set goals just for the sake of setting goals, that’s not really the point here. Make your goals meaningful and with that make sure you also have the willingness, vigor, and determination to achieve these goals.

Make a PLAN

Depending on your goal, there may be many different ways to approach how to achieve it based on your ideal outcome of it. You have written the goals down, re-evaluated them, now time to get down to business! Decide on your plan of action and go for it.

Keep up with your progress!

This is very important because without it you don’t get the idea that you’re actually making progress and moving in the right direction of achieving your goal in your ideal time frame. Do any kind of tracking with your progress as much as possible, write it down, make a checklist on paper or in your head, or have checkpoints for yourself at certain dates so that you KNOW progress is being made.

Tell other people about your goals.

It is always good to involve others in your process of achieving goals. No one said you had to do it all by yourself! Be open to suggestions and advice they might have, it could possibly help you achieve your goal quicker or in a more efficient way.

Accept failure

If you learn to take on failure and keep going, there is nothing that can stop you from attaining your goal. There are supposed to be obstacles throughout the process that is natural! If you learn to be welcoming and accepting of it, the better off you will be. And most importantly, LEARN FROM IT!

Persist and review

It is important to review your plan regularly and make any adjustments if needed. With this comes persistence! Don’t give up, there may be many different paths you can take in order to achieve this goal, so try out different ones.

CELEBRATE!

When you have achieved your goal cross it off your list with a smile, knowing that you did it! You have essentially shortened your path to your final destination so live it up.

Revisit your list and ask yourself:

- Are my existing goals still worth achieving?

- Is there a new goal to add to my list?

- Is there an existing goal I want to drop or change?

- Don’t lose sight of your goals; stay focused till you reach your final destination!

That’s all for now :)

-Solana

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