ch 9
ch 9
1. Expand SMART.
2. Give two examples of Long Term Goal & Short Term Goal.
5. What is a goal?
F. Answer in detail.
4. Why is taking one step at a time important for the fulfilment of a long-
term goal?
Answer cbse
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E. Brief Answers
Goals are achieved through a clear vision, careful planning, consistent effort,
and regular evaluation. It requires setting specific, measurable, attainable,
realistic, and time-bound objectives and staying committed to them.
A realistic goal is one that considers available resources, time, and abilities.
It ensures the goal is achievable based on current circumstances and does
not set expectations that are too ambitious or unattainable.
F. Detailed Answers
Example: “Save $5,000 for a down payment on a car within the next 12
months by saving $420 monthly and reducing unnecessary expenses.”
Additional answer
Short Answer Type Questions
4. Why is taking one step at a time important for the fulfillment of a long-
term goal?
Taking one step at a time ensures steady progress, builds confidence, and
reduces the risk of burnout by focusing on achievable tasks.
Financial goals are essential for maintaining financial stability and security.
They help individuals:
By setting clear and realistic financial goals, individuals gain better control
over their financial health and improve their overall quality of life.
Short-term goals: Break down the journey into actionable and manageable
tasks, building momentum and confidence.
This dual approach fosters focus, tracks progress, and adjusts plans as
necessary to achieve the desired outcome.
3. Discuss the key elements of a Goal Statement.