Submitted by Cheyenna Mitchell on Thu, 05/02/2024 - 1:14pm
Date of meeting:
Thursday, May 2, 2024
Did you succeed in achieving your action steps since the last meeting? If yes, please state which action steps you were able to complete. If no, please explain the challenges that you experienced. (If first meeting, write ‘first meeting’ here.):
First meeting- In my group it consisted of my friends Kaitlyn, Nikki, and Autumn. We had a discussion about our finances and what we can do to save money. It was not an easy conversation to have because our income is not the same and our financial responsibilities differ. Which meant that some of us were living paycheck to paycheck and others had major financial obligations to fulfill like a mortgage payment or car payment. So we started thinking about minor changes we can make in our day to day living and also spoke about emergency funds because life is unexpected.
Please state your goal using the SMART Method: Specific: Avoid generalities! Your goal should have specific details so you know what you are achieving. Measurable: Make sure you have solid criteria for establishing your progress toward your goal. Actionable: You can clearly define action steps towards your goal Rewarding: Your goal must be something that is meaningful and worthwhile. Time Specific: Having specific dates for beginning and finishing goals keeps you on track. Example: “My goal is to receive a Sports Internship by May 1st”:
Using the SMART method we agreed on a specific goal to save $50 each to put towards our emergency fund. By the end of May, we should have $50 in total saved. We receive our paychecks bi-weekly, which means we will be putting aside $25 each paycheck. Although the amount is low it is more realistic for our circumstances. Putting aside a small amount of money is a start and can encourage us to put more into our savings as we get more comfortable saving money. Growing up we were never taught how to budget our money properly so taking steps to ensure we know how to is meaningful, because we're learning and in the long term, we are going to be grateful that we started this for ourselves.
Please list the action steps you will take to achieve your goals stated above. These are action steps that will be completed by next meeting. Example: “1. Finish my resume. 2. Talk with my advisor. 3. Submit a sports internship application at two institutions.”:
These are the action steps we will be taking to ensure we reach our goal.
1. Write down our expenses (car, house, gas, groceries, etc.)
2. Create a budget (limit overspending)
3. Find ways to cut down on spending (cook at home, distinguish between necessities and wants)
4. Stay focused and put the saving plan into action
How have the NSLS speakers or SNT meetings helped you achieve your goals or changed your life?:
The NSLS speakers reminded me that anything is possible if you're willing to overcome life's challenges. I have always been told nothing great in life comes easy but it is always worth it, so knowing this is helping my team and I to practice patience.
Status:
Approved
Reviewed Date:
Monday, May 6, 2024 - 9:04am
snt_reviewer_comment:
n/a