BEX2001 Lecture Notes - Lecture 2: Debit Card, Goal Setting, Direct Debit
1 Sep 2018
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Document Summary
Benefits of goal setting include the fact it affects our choices and gives direction to our pursuits. Mba students who set specific difficult learning goals (learn to network, master specific course subject matter) had higher satisfaction with their mba than those who only set goals for a good gpa. This requires monitoring, evaluating of progress and meta cognition is necessary in environments with minimal structure or guidance: performance goals are hard to attain when it involves two or more people. Sometimes goals are viewed as competitive and people would try to withhold information and ideas from one another. It is often easier to stay on top of your spending if you use cash, debit card when shopping instead of using your credit card. Budgeting basics (doing a budget helps you get off the treadmill of living from one pay packet or payment to the next.
