Question
State a financial goal. Make sure it is SMART (specific, measurable, attainable, realistic, time bound).(1 point)
Answers
GPT-4o mini
**Financial Goal:** Save $10,000 for a down payment on a house within 24 months.
**SMART Breakdown:**
- **Specific:** The goal is to save for a down payment on a house.
- **Measurable:** The amount to be saved is $10,000.
- **Attainable:** By setting up a savings plan, I can save approximately $416.67 per month.
- **Realistic:** Given my current income and expenses, saving this amount is achievable by cutting back on discretionary spending.
- **Time Bound:** The goal is to be completed within 24 months.
**SMART Breakdown:**
- **Specific:** The goal is to save for a down payment on a house.
- **Measurable:** The amount to be saved is $10,000.
- **Attainable:** By setting up a savings plan, I can save approximately $416.67 per month.
- **Realistic:** Given my current income and expenses, saving this amount is achievable by cutting back on discretionary spending.
- **Time Bound:** The goal is to be completed within 24 months.