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Short Term Smart
S: I plan to save up for a new car to put a down payment on it.
M: I will save up to $5,000 for a down payment on a new car.
A: My plan is to save $5,000 for a down payment on a new car by putting $150 in my savings every paycheck.
R: The opportunity cost of saving for a new car is higher than spending that is $150 every month on different items.
T: I plan to save $5,000 for a down payment on a car by putting $150 in my savings every paycheck before spending money on other things for 30 months. -
Short Term Steps
- Stop spending my money on food.
- Don't waste gas.
- Stop impulse shopping.
- Don't get your nails done every week.
- Stop going out with friends and spending money on movies and snacks.
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Long Term Smart
S: I plan to save for an apartment.
M: I will save $4,000.
A: I will spend under $100 per month on entertainment and things I don't need.
R: Saving money for an apartment is more important than entertainment/doing fun things with friends.
T: I plan to save $4,000 for an apartment and spend less than $100 every month on things I don't need, I will keep saying for over 4 years. -
Long Term Steps
- I should stop spending money on clothes.
- I can cancel my tanning membership to save more money.
- Stop buying so much food.
- Talk to parents about helping to save.
- Speak to an agent.
