PFLE.SS.6.A
Develop financial goals for the short, medium, and long term that are specific, measurable, attainable, realistic, and time based.
Personal Financial Literacy and Economics · Texas Essential Knowledge and Skills (TEKS) · TEKS 2010
Standard Unwrapping
AI-generated as a starting point — sign in to edit.Vocabulary
financial goalsshort termmedium termlong termspecificmeasurableattainablerealistictime based
Skills
- develop (financial goals for different time frames) #dok3
- distinguish (short-, medium-, and long-term goals) #dok2
- categorize (financial goals using SMART criteria) #dok2
Learning Targets
- I can define what financial goals are. #dok1
- I can identify examples of short-, medium-, and long-term financial goals. #dok1
- I can categorize goals as specific, measurable, attainable, realistic, and time based. #dok2
- I can distinguish between short-, medium-, and long-term financial goals based on time frames. #dok2
- I can develop my own financial goals for the short, medium, and long term using the SMART criteria. #dok3
Big Ideas
- Setting specific and measurable financial goals for different time periods is crucial for personal financial success.
- Using SMART criteria ensures that financial goals are realistic and achievable.
Essential Questions
- What are the differences between short-, medium-, and long-term financial goals?
- How does using SMART criteria help you achieve your financial goals?
- Why is it important to set financial goals for different time frames?
- What steps would you take to develop realistic and attainable financial goals for yourself?