Carl is new to financial planning and goal making, but one thing is clear to him: he wants to save a lot more every month. With his current income, he’s not sure if it will be possible. He’d like to achieve this goal beginning next month, but again he’s not sure if it can happen. Which question from the SMART goal framework should Carl MOST likely focus on?
(1 point)
Responses
Is it specific?
Is it specific?
Is it measurable?
Is it measurable?
Is it achievable?
Is it achievable?
Is it timely?
1 answer
In this scenario, Carl is unsure if saving more each month is possible with his current income. Therefore, the question from the SMART goal framework that he should most likely focus on is:
Is it achievable?
This question will help Carl assess whether saving more each month is realistic given his financial situation and income.
