Something you can achieve in the future.

A Solid plan of how you are going to spend your money.

Something you can achieve with money or how much money you want to achieve.

A goal that is achieved less than a year

A goal that takes more than a year to achieve.

Giving up something or taking risks for a goal.

What other options could had been done and if the goal was worth it.

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Finance 1.03

SMART Goals

Term	Definition
Goal	Something you can achieve in the future.
Financial Planning	A Solid plan of how you are going to spend your money.
Financial Goal	Something you can achieve with money or how much money you want to achieve.
Short-Term Goal	A goal that is achieved less than a year
Long-Term Goal	A goal that takes more than a year to achieve.
Trade-Off	Giving up something or taking risks for a goal.
Opportunity Costs	What other options could had been done and if the goal was worth it.