Saving involves setting aside money for future use rather than spending all that is available. It enables people to achieve both short and long-term goals. Setting SMART financial goals, where the goals are specific, measurable, achievable, realistic and timely, provides direction and focus to saving. There are also tricks to help with saving, such as cutting unnecessary expenses and automating savings contributions. The document provides information on defining saving, setting SMART goals, and savings tricks to achieve financial goals.

1. Savings
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2. IMPORTANT TO KNOW
:SAVINGS What is saving?
Setting SMART Financial goals
Savings Tricks

3. WHAT IS SAVING ?
Saving is when you don’t spend all of the money you
have so that you can put some of it safely away to
use later (e.g. for emergencies or other unplanned
expenses) or until you have enough to buy
something you can’t afford to pay for now.
Saving enables us to achieve our goals. These may be
short-term goals (0 to 3 years) such as buying a TV,
going on a trip to the coast or medium-term goals
such as paying for your children’s education, getting
married or long-term goals such as retiring.
Saving may seem hard at the beginning but be
patient and disciplined. A lot of us think we do not
have any money to save, but if you start cutting
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4. SETTING SMART
FINANCIAL GOALS
Goals are part of every aspect of business/life
and provide a sense of direction, motivation,
a clear focus, and clarify importance. By
setting goals, you are providing yourself with
a target to aim for. A SMART goal is used to
help guide goal setting.
SMART is an acronym that stands for
Specific, Measurable, Achievable, Realistic,
and Timely. Therefore, a SMART goal
incorporates all of these criteria to help focus
your efforts and increase the chances of
achieving your goal.

5. SAVING
TRICKS
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Quiz
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6. Saving is the amount of money you put aside for future
use ?
Question &
Answer

7. THAT’S
RIGHT
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8. OOPS,THAT’S
WRONG
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9. REFERENC
ES
FNB.(Date Unknown)save and invest https://www.fnb.co.za/education/save-
and-invest.html)
Kitces,M (2016,April 6). https://www.kitces.com/blog/smart-financial-
planning-goals-should-be-broken-down-into-small-and-bite-sized/
Bettermont ,B. (2019 ,June 19) https://youtu.be/RHMA_ftatoM

10. THE END