This 1-page goal setting worksheet for kids will get your child to choose the BEST money goal for themselves – meaning the one they're most likely to stick with.

Kids have many competing desires in life (which is why they need a goal setting worksheet for kids).

boy child with a cardboard robot, drawing a spaceship on the wall with text overlay "1 page goal setting worksheet for kids"

They want All. The. Things.

And they want them now, amiright?


:: the newest video games
:: to go to the arcade
:: a snowboard like Shaun White’s
:: a white guitar with a skull like Pixar’s character Coco

It’s endless (not that I have to tell YOU that!)

And that probably sounds familiar, right Mama Bear? Because you and I have endless wants as well.

How can you help your kiddo narrow down their wants and desires so that they’ll have one savings goal to stick with to learn money lessons from?

I’m Amanda L. Grossman from where I teach kids about money, and today I’m going to give you 3 tips on how to help your child pick just ONE savings goal to work on.

Goal Setting for Kids Tip #1: Don’t Tell Them No

What child – or even adult, for that matter – wants to hear “no” when they tell you what they want?


Of course, they can’t have everything that they want (and I would never advise that, anyway!).

But for now, don’t tell them “no.” Instead, you’re going to tell them this:

You can have everything that you want in life, you just can’t have it all at the same time.

Goal Setting Action Step: Help them brainstorm every single want they possibly have, and get them to write them all down on a piece of paper.

Goal Setting for Kids Tip #2: Go for the Quickest Win

Your child needs to see that the process of setting a goal to save for and then to actually purchase – whether it’s something they want to be, do, or have – actually works.

If they see that it happens successfully one time, then they'll be more enthusiastic about trying it out again.

You'll need to eliminate as many kinks in this chain as possible for this to happen.

So, you want to steer their first savings goal towards the quickest win.

Goal Setting Action Step: To do this, use my Savings Goal Matrix. You’ll guide your child to fill in all of the wants they just wrote down according to how long each will take to save for, and how important it is for them to buy it.

Goal Setting for Kids Tip #3: Help Them to See the Light at the End of the Tunnel

The beginning of their savings goal journey – after the initial excitement from it all – is going to be a tough one. It’s partly because your child doesn’t have the experience of achieving savings goals to know that there is a happy ending to this whole thing.

I mean, can you imagine just jumping into the car and driving off to the beach without knowing whether it’ll take you 2 hours or 2 weeks to get there?

You’d probably give up because of lack of confidence.

So, you need to help them see the light at the end of the tunnel.

Goal Setting Action Step: You want to come up with an estimate date for how long it will take them to save for this item so that they know the sweet reward is coming. If they get an allowance, then you can talk to your kid about what amount they’ll want to set aside for their savings goal. Once you know an estimate amount they can set aside each week towards it, you can calculate out how many weeks or months it will take for them to reach it.

Remember that today your kiddo might be saving for the newest video game, or a pair of sneakers all their friends have. But do this right? And eventually, they’ll be setting the kind of goals that make a real difference – like a down payment for their first home, or enough to max out their Roth IRA retirement accounts each year.

Pssst: Now that you've gone through the goal setting for kids activity and they've got a savings goal, you'll want to check out my 57 Action Steps to get Your Kid to Save More Money to help them actually reach it.

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Amanda L. Grossman is a Certified Financial Education Instructor, a 2017 Plutus Foundation Grant Recipient, and founder of Money Prodigy. Amanda's kid money work has been featured on Experian, GoBankingRates, PT Money,, Rockstar Finance, the Houston Chronicle, and Colonial Life. Read more here.