Goal Setting Timeline

By Xavier Atencio

  • Begin saving up for a used car

    Begin saving up for a used car
    In total, I will need to save up around $2500 dollars. In order to achieve that I will need to set aside $250 per paycheck (2 paychecks per month) and limit my spending on various things. Since I am saving so much money, I can't buy as much stuff as what I would normally buy. I look to accomplish this in 5 months.
  • Period: to

    SMART goal timeline

  • Paycheck #1

    Paycheck #1
    I will need to set aside $250 per paycheck. So after this first paycheck, there is now $250 in my savings.

  • Paycheck #2

    Paycheck #2
    Total savings amount: $500

  • Paycheck #3

    Paycheck #3
    Total savings amount: $750

  • Paycheck #4

    Paycheck #4
    Total savings amount: $1000

  • Paycheck #5

    Paycheck #5
    Total savings amount: $1250

  • Paycheck #6

    Paycheck #6
    Total savings amount: $1500

  • Paycheck #7

    Paycheck #7
    Total savings amount: $1750

  • Paycheck #8

    Paycheck #8
    Total savings amount: $2000

  • Paycheck #9

    Paycheck #9
    Total savings amount: $2250

  • Paycheck #10

    Paycheck #10
    Total savings amount: $2500

  • Goal met, time to purchase car!

    Goal met, time to purchase car!
    If I saved the minimal amount each paycheck, then I should have enough money to purchase the used car I want to get.