You've learned about emergency funds and SMART goals. Now let's practice creating complete, realistic savings plans using what you know.
A good plan combines your SMART goal with a clear monthly action.
Engagement Message
Ready to build some winning savings strategies?
Type
Fill In The Blanks
Markdown With Blanks
Let's help Maya create her SMART emergency fund goal. She earns $2,800 monthly and can save $140 per month.
Maya's SMART Goal:
"Save [[blank:$1,000]] for my [[blank:emergency]] fund by [[blank:July]] 2025."
Time to reach goal: $1,000 ÷ $140 = [[blank:7]] months
Suggested Answers
- $1,000
- emergency
- July
- 7
- vacation
- 10
Type
Multiple Choice
Practice Question
Tom wants to save $1,200 for emergencies. He can save $75 monthly. What's the best way to write his SMART goal?
A. Save money for emergencies this year B. Save $1,200 for emergencies C. Save $1,200 for my emergency fund in 16 months D. Save $75 monthly for emergencies
Suggested Answers
- A
- B
- C - Correct
- D
Type
Sort Into Boxes
Practice Question
Sort these goal elements into SMART categories where they belong.
Labels
- First Box Label: Makes It SMART
- Second Box Label: Too Vague
First Box Items
- $1,500 target
- By March 2025
