Which financial goal is specific, measurable, and timely?

Students were requested to answer a question at schools and to tell what is most important for them to succeed. The one which response stood out from the rest was practice. Persons who usually are successful do not become successful by being born. They work hard and persistence their lives to succeeding. This is how you can reach your goals. Below are one of the answer and question example that you could possibly utilise to practice and enrich your knowledge and also give you insights that could help you to preserve your study in school.

Question:

Which financial goal is specific, measurable, and timely?

A.
Open a 529 college savings plan.
B.
Contribute to a 401(k) retirement plan.
C.
Purchase \$10 of company stock every quarter for two years.
D.
Reduce credit card debt by 14%.
E.
Purchase bonds at a local credit union.

C.

Purchase \$10 of company stock every quarter for two years.

Step-by-step explanation:

the goal of Purchase \$10 of company stock every quarter for two years is specific, measurable, and timely because:

stock purchase is an investment that the goal is to get a return after some time.

specific: there is a specific amount of stock purchase, which is \$10

measurable: it is easily calculated, for every dollar purchase there is a rate of return to be obtained which is clear and transparent to the stock buyer.

timely: the stock buyer has a fixed time that purchase is to be made which is every 3 months for two year.

They would possibly hopefully help the student deal with the question by make use of the questions and answer examples. Then could actually carry out some sharing in a group discussion and also learning with the classmate relevant to the topic, so another student also have some enlightenment and still keeps up the school learning.

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