Which of the following goals would be 'SMART'?
A)Reduce debt payments.
B)Save funds for an annual vacation.
C)Save $100 per month to create a $4000 emergency fund.
D)Invest for a comfortable retirement.

Question

Quizplus · Accepted Answer

C is a SMART goal as it is specific (saving $100 per month), measurable (to create a $4000 emergency fund), achievable (it is a reasonable amount to save per month), relevant (an emergency fund is an important financial goal), and time-bound (saving monthly until the goal amount is reached). The other options are not as specific, measurable or time-bound.

Which of the Following Goals Would Be 'SMART