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 achievethem, 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
(experts recommend saving for 3-6 months living expenses) / Time Period / Saving Needed Per Month
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
(12 Months of Less) / Cost / Time Period / Saving Needed Per Month
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
(1-3 Years) / Cost / Time Period / Saving Needed Per Month
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
(5 years or more) / Cost / Time Period / Saving Needed Per Month
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):

REQUIRED: enter at least one goal in each section. Amato