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“ Most people don ’ t plan to fail… They simply fail to plan! ”

“ Most people don ’ t plan to fail… They simply fail to plan! ”. 1-A. The Five-Step Financial Planning Process. 1-B. Getting a good education Religious faith or beliefs Social causes Handling money responsibly Friendships / The people I hang out with ____________________________

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“ Most people don ’ t plan to fail… They simply fail to plan! ”

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  1. “Most people don’t plan to fail…They simply fail to plan!” 1-A

  2. The Five-Step Financial Planning Process 1-B

  3. Getting a good education Religious faith or beliefs Social causes Handling money responsibly Friendships / The people I hang out with ____________________________ ____________________________ Values 1-D

  4. SHORT-TERM GOALS Within three months INTERMEDIATE-TERM GOALS Three months to a year LONG-TERM GOALS More than a year Term Goals 1-E

  5. 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. ____________________________________________________________________ Delayed Gratification 1-F

  6. S-M-A-R-T GOAL CRITERIA Specific Measurable Attainable Realistic Time-Limited 1-G

  7. SMART Goals Specific…….. “Pay for lodging, transportation, meals for a 5-day trip to Washington, D.C.” Measurable… “$300 through fundraising, $50 from birthday money, save $25 a week.” Attainable….. “If I stick to my plan, I’ll have the money when I need it.” Realistic……. “I still have enough money to live on while I work toward this goal.” Time-Limited.. “I need to have all the money by 6 months from now.” 1-H

  8. Unit 1: Your Financial Plan: Where it All Begins

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