Grade 6 · Financial Literacy · Payments and Financial Goals

Make a Financial Goal Plan

A financial goal becomes useful when it names an amount, a timeline, and the actions needed to reach it.

The big idea

Financial choices involve trade-offs

Saving for a $180 goal over six months requires an average of $30 per month. Spending from that money changes either the timeline or monthly target.

Work it through

1. Divide the goal by the timeline: $180 ÷ 6 = $30 per month.
2. Identify possible earnings and essential expenses.
3. Choose a payment method by considering cost, access, security, and record keeping.
4. Track progress monthly and adjust the amount or timeline when circumstances change.