MONEY BUYS HAPPINESS Strongly Agree Disagree Strongly Disagree

"MONEY BUYS HAPPINESS" Strongly Agree – Disagree – Strongly Disagree

“PEOPLE WHO SAY MONEY CAN’T BUY HAPPINESS JUST DON’T KNOW WHERE TO SHOP” -TOM SHIVERS

GOALS A goal is a written statement of something a person wants or needs to accomplish. • Examples • Graduate from high school • Earn a college degree • Buy a car • Get a job • Lose 15 pounds

GOALS MUST BE S. M. A. R. T • Specific • Measureable • Achievable • Realistic • T imely

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MATCHING ACTIVITY You want to take a trip to Washington, D. C. “$300 through fundraising, $50 from birthday money, save $25 a week. ” “I still have enough money to live on while I work toward this goal. ” “I need to have all the money by 6 months from now. ” “If I stick to my plan, I’ll have the money when I need it. ” “Pay for lodging, transportation, meals for a 5 -day trip to Washington, D. C. ” Specific Measurable Attainable Realistic Time bound

VALUES Values are the beliefs and practices in your life that are very important to you Your goals should align with your values • What do you value most? • Examples: • Family • Friends • Work • Honesty • Self Reliance • Independence • Religion

Let’s see what you value most. Take a few minutes and fill out the inventory provided.

To make goals you must know what you need & what you value.

NEEDS VS. WANTS • http: //youtu. be/aq 6 xk 9 ah. Mn. I

ACTIVITY NEEDS WANTS

DELAYED GRATIFICATION The ability to resist the temptation for an immediate reward and wait for a later reward. • Saving money over time to make a major purchase. • Waiting to buy a new product until the price goes down. • Waiting to see the latest movie until the crowds get smaller and the lines shorter. • http: //youtu. be/x 3 S 0 x. S 2 hdi 4

WITH A PARTNER: Create an example of a: • short term goal • Intermediate goal • Long term goal • Be ready to share with the class

GOAL LENGTH • SHORT-TERM GOALS • Within three months • INTERMEDIATE-TERM GOALS • Three months to a year • LONG-TERM GOALS • More than a year

LET’S MAKE SOME GOALS

LET’S WRITE! 1. Write a paragraph identifying one of your long or short-term goals. 2. Explain how it reflects your needs, wants, values, and priorities. 3. Write an action plan to achieve the goal, including tasks, timelines, resources needed, and barriers anticipated.

ACTIVITY • Find a goal quote. • Create a collage of your financial goals for the future. Use pictures from the internet, clipart from the computer, or your own artwork. • The finished collages will be displayed in our classroom.