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S-Specific
I will save money to go on a nice vacataion every other year. -
A-Attainable
Plan a budget including how much money should be spent outside of paying for bills. Spen less money on extra, luxury things. -
R-Realistic
Trade offs for this would be, you have less money to spend on luxury items during the year. Opportuity costs for this would be if you were the save the money instead of taking the vacation you would have more money to spend however youwould want and wouldn't have to worry about puttin gmoney away and wondering if you will have enough when the time comes. -
M-Measurable
Save $25 from every paycheck -
T-Time Bound
I will have enough money to go on my vacation by 2024
