Question

Pick the 2 correct statements about setting a debt repayment goal.
CHOOSE 2
Repaying debt should take less priority than your other savings goals
You can set the goal by determining how much extra you have in your budget to put towards paying off the loan
You can set the goal by choosing a date to finish paying off the debt by, then asking your credit provider how much extra you need to pay each month to reach the goal
"I would like to pay off my car loan this year" is an example of a SMARTA financial goal

Answer 1

- You can set the goal by determining how much extra you have in your budget to put towards paying off the loan
- You can set the goal by choosing a date to finish paying off the debt by, then asking your credit provider how much extra you need to pay each month to reach the goal