Setting Financial Goals

In this topic, you will learn about setting financial goals, including short-term and long-term goals, and you will learn how to set and accomplish your financial goals. In the previous topic, you created your personal net worth statement in order to determine where you are right now financially. Now you will need to think about where you want to be in the future.

• Do you want to rent a limo for prom?
• Are you going to college?
• Do you want to buy a car?
• Do you want to own a home someday?
• How will you pay for all of these things?

You need a plan!

 

Essential Question

• What are the effects of financial goals on an individual’s personal wealth?