Using the SMART (Specific, Measurable, Achievable, Relevant, and Time-bound) framework, you will learn how to set long-term goals effectively. While many of these goals will likely be financial due to the nature of the simulation, you can set personal goals like graduating with honors. Throughout the simulation, you will track your progress toward the goals you set and understand how to tie the financial implications of saving for each of the goals impacts your monthly budget. Then, the video will discuss how to set SMART, realistic goals.