Many of us are familiar with the concept of SMART goals—those that are Specific, Measurable, Achievable, Relevant, and Timely. But have you ever heard of setting SMAAHT goals? It’s not just our Boston accent coming through, but a slightly different way to focus kids’ energy on achieving their monetary objectives. Find out how SMAAHT goals differ from SMART goals, and how the concept can help your kids achieve their money dreams in the latest installment of our “Kids and Money” series on the College Coach Insider blog.
This is part three of an ongoing series we’ve launched on the Insider blog on “Kids and Money.” As you prepare to send your child off to college, you should also be thinking about how to foster in them the skills necessary to build financial independence. In this series, we’re discussing how students can earn, spend, save, borrow, and protect their money in a way that aligns with personal and family values. Type “Kids and Money” into our Search Box to find all installments of the series.
As summer jobs come to an end and the new school year quickly approaches, now is the perfect time to be planning with your kids on how to divvy up any leftover summer job earnings.