What does the 'S' in SMART goals stand for?

Prepare for the Utah Financial Literacy State Test. Dive into interactive questions, complete with explanations and tips, to ensure your success. Boost your financial skills and ace the exam!

The 'S' in SMART goals stands for Specific. This aspect of SMART emphasizes clarity and precision in goal setting. A specific goal clearly defines what is to be achieved, who is involved, where it will happen, and why it is important. By being specific, you reduce ambiguity, which increases the likelihood of achieving the goal. For instance, instead of saying "I want to get in shape," a specific goal would be "I want to run a 5K race in under 30 minutes." Having a specific objective helps in creating actionable steps and makes it easier to measure progress.

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