1.
Saving (WEEK 9)
Goal: Spend less on wants and more on necessities to save money for the future.
Specific Measurable Achievable Relevant Time-bound
I intend to save I will consider I need to be I am determined By the end of the
money for at least approaches or mindful of where that the next semester, all
P3000 to assist strategies for my money should opportunity cost of my college
my parents in saving money for be spent. Instead, saving money is expenses will be
covering my education. I am going to more valuable covered since
education fees for Following that, I employ this than spending an I will be saving
the upcoming will take a method of extra P500 on money to help my
semester. measurement and spending P500 shopping every parents in paying
apply it to myself. less on online week. my due fees for
shopping every that semester.
week in order to
save that P500
into my savings
account.
This goal is important because:
The goal is importance because having savings or saving money will allow me to live a more secure life. If I
have cash set aside for emergencies, I will have something to fall back on if something unexpected
happens. Also, I can breakdown my savings into manageable amounts, such as paying for college
expenses.
The benefits of achieving this goal will be:
Besides having more freedom to do other activities, achieving this goal can actually benefit me to change
my whole outlook in life. This means that I will have less clutter in my life because I will realize how many
useless things I buy and I will become healthier. Also, as a student, saving money helps me develop a
savings habit early, covers college expenses, keeps me out of financial trouble, and, lastly, makes me more
independent.
Take Action!
Potential Obstacles Potential Solutions
Not having a budget Start budgeting
Poor debt management Focus on paying off debts one at a time
Temptations Spend time on hobby that isn’t online shopping
Lifestyle inflation Cut some expenses that aren’t necessities
Lack of financial knowledge Educate myself on managing money
Spending needlessly Spend on needs, not on wants
Bad money discipline Try using budgeting app on daily expenses
Unexpected projects for school Just spend not exceedingly on the budget
Who are the people you will ask to help you?
My parents. I believe they can help me in this subject because I have observed how they spend their
money carefully as I have grown older. For example, they never overspend on such family gatherings, and
one of the reasons I look up to my mother is the way she budgets the bills on the house, which makes me
want to learn more about saving money.
Specific Action Steps: What steps need to be taken to get you to your goal?
What? Expected Completion Date Completed
Write down first all monthly income Once in a month Consistently writing it monthly
Set an amount I want to save Once in a month Consistently setting amount monthly
Divide expenses (food, transpo, etc.) Every Weekends Managed to divide expenses weekly
Open savings account On Monday Managed to open an acc. in a month
Transfer specific amount to my savings Once in a week Consistently transferring weekly
CLOSURE (WEEK 9)
Journal Writing:
As a student, what do you think is the greatest challenge in making SMART goals? How is a SMART goal part of
creating a solution to the questions “what will you do” and “who will you be”?
As a student, I believe that the most difficult aspects of setting SMART goals are self-commitment
and fear. Sometimes I feel like I cannot do it due of the circumstances. Now that I am in college, I have a
ton of schoolwork that I need to prioritize. Thinking of making these kinds of goals will be a waste of time.
But it is at this point that my level of self-commitment must rise, and how deeply I want something will drive
me to attain my objectives. Moreover, I have a lot of doubts about what I am capable of doing because of
fear. When I want to do anything, I often think to myself that I am not good enough. I have the perspective
that "I'm still young, I have enough time, I can do it later." This is a mindset I need to overcome because it
has caused me to delay a lot. I do not want to look back and find it was too late.
Further, SMART goals are made by utilizing a certain set of criteria that ensures our aims are
attainable within a specific time frame. This is where SMART goals come into play in determining "what will
you do" and "who will you be." When we set objectives for ourselves, we must set realistic goals that we
believe we can reach. In addition, when we make a goal, we must be "specific" about what we want. If our
aim is vague, we will not know whether or not we will be able to attain it. For example, I would like to
graduate from college with a higher grade or on the dean's list. My ambition is to become a doctor since it
has the potential to save lives. Then, there is "measurable." This is what helps plot the goal. For instance,
what will I do to achieve that specific goal? By diligently studying. It aids in plotting our progress toward that
aim. Next, is “achievable”. The objective must be something we can comprehend, something we can
achieve. For example, I chose this course because I am confident that I will be able to finish it. Next,
SMART goals are quite beneficial since they ensure that our objective will be relevant. What is the
relevance of the course I chose? Being a medical technologist allows for the early and correct diagnosis of
health problems, allowing for timely action and improved outcomes. Lastly, "time-bound." This is to ensure
that we can end the goal process, that it is limited in time, because if there is no endpoint, the goal can
never be truly realized because we have no idea if we have arrived.
To sum up, as a student, there is always a time in my life when I want to do something but do not
know how. So, breaking down my goal into doable bits removes the uncertainty of what to do next. This, in
turn, lessens worries and reduces my fear. By pursuing this SMART goal, I will have the opportunity to get
to know myself better, despite the fact that I am well aware that this will not be an easy process. It requires
time, effort, and perseverance. Hence, doing so encourages me even more because I can envision who I
will be in the future, not just as a Medical Technologist, but as a doctor as well.
REFERENCES:
Conzemius, A. et. al. (2006).The Power of SMART Goals to improve student learning.Solution Tree Press.
Scott, S.J. (2014). SMART Goals Made Simple. 10 Steps to master personal and career goals.
Createspace Independent Publishing.
SMART Goals 101: Goal Setting Examples, Templates & Tips. Retrieved May 3, 2018 from
https://www.briantracy.com/blog/personal-success/smart-goals/
The Essential Guide to Writing S.M.A.R.T. Goals. Retrieved May 4, 2018 from
https://www.smartsheet.com/blog/essential-guide-writing-smart-goals
