Economics Homework Help

Direction

For this exercise, you will need to:

1. List 1 short-term financial goal and 1 long-term financial goal you would like to achieve.

Be sure to review section LO1-3 in your textbook (pages 13-15) before you write your post. Remember that a short-term goal is something you hope to achieve within the next year, while a long-term goal is something you hope to achieve more than 5 years from now. Use the S-M-A-R-T approach described in the textbook when constructing your specific goals.

2. Explain the specific steps you plan to take to reach those goals.

For example, suppose your short-term goal is to pay off your credit card debt by the end of the year and your long-term goal is to get a higher-paying job. To pay off your credit card debt, would you cut spending in certain areas or get a part-time job, or both? To get a higher-paying job, do you need to switch careers or get additional education/training?

3. Post a meaningful response to at least one other student’s post.  The meaningful response can be advice, suggestions, encouragement, etc.