Question

It is important to re-evaluate financial goals periodically. In which of the following situations would it be necessary to change an existing financial goal?
a.
You fell sharply behind your expected schedule with regard to saving.
b.
You recovered from an unexpected expense and are rattled that you did not see it coming.
c.
You married, and your spouse has a similar financial goal.
d.
You came across unexpected income.


Please select the best answer from the choices provided

A
B
C
D

Answer 1

A

Falling sharply behind your savings schedule directly affects your ability to meet the goal on time, so you would need to revise the timeline, contribution amount, or goal itself.