Financial Goal Worksheet



Financial Goal Worksheet

Setting financial goals will help you turn dreams into reality—a new computer, college tuition, a new car, a down payment on a house. Whatever your dreams, to achieve them, start with setting your financial goals and plan to reach those goals.

Your financial goals should be:

• Specific (preferably in writing)

• Measurable

• Attainable/achievable

• Realistic/practical/flexible

• Time-bound (establish a time frame to meet the goal)

To get started on reaching your dreams, write a goal statement to save for unexpected expenses, short-term goals, intermediate-term goals, and long-term goals.

REQUIRED: Enter a goal on at least 2!

|Saving for Unexpected Expenses |Monthly Living Expense x No. of months |Time Period |Saving Needed Per Month |

| |(experts recommend saving for 3-6 | | |

| |months living expenses) | | |

|Example: |Savings for Unexpected Expenses |$1,500 x 6 = $9,000 |90 months |$100 |

| |*For example, if your goal is to save for 6 months of living expenses, and your monthly living expenses amount to $1,500, |

| |you would need to save a total of $9,000. Even though it would be desirable to have this amount available immediately, it |

| |may take several months to meet this goal. In this example we chose 90 month. |

|Your Goal: | | | | |

|Explanation: | |

| | |

|Short-term Goals |Cost |Time Period |Saving Needed Per Month |

|(12 Months of Less) | | | |

|Example |Vacation |$1,200 |12 months |$100 |

| |*For example, if your goal is to save for a vacation that will cost $1,200, you need to save $1000 for 12 months. |

|Your Goal(s): | | | | |

| | | | | |

| | | | | |

|Intermediate-term Goals |Cost |Time Period |Saving Needed Per Month |

|(1-3 Years) | | | |

|Example |Car |$18,000 |36 months |$500 |

| |*For example, if your goal is to buy a car that costs $18,000 in three years, you will need to save $500 for 6 months. |

|Your Goal(s): | | | | |

| | | | | |

| | | | | |

|Long-term Goals |Cost |Time Period |Saving Needed Per Month |

|(5 years or more) | | | |

|Example |Down-payment on a house |$36,000 |60 months |$600 |

| |*For example, if your goal is to save $36,000 for a down payment on a house, you will need to save $600 a month for 60 |

| |months. |

|Your Goal(s): | | | | |

| | | | | |

| | | | | |

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