Saving and Investing Goals
Directions: Write personal saving/investment goals for the short, medium, and long term. Write your goals in the chart and determine the most realistic opportunity for choosing to save/invest for that particular goal. Example: Saving $40 per month for a car in the medium-term might have an opportunity cost of not spending that amount on entertainment. Remember: Opportunity cost is in the “eye of the beholder” and depends on the perceptions, values, and priorities of the individual.
|
|
Sources of Income(savings, part-time job, gifts, etc.) |
Saving/Investment Goals(be specific) |
Opportunity Cost (Next best alternative given up) |
|
Short term |
|
|
|
|
Medium term |
|
|
|
|
Long term |