QuestionAugust 11, 2025

MULTIPLE-CHOICE QUESTION Which of these financial goals features all the elements of a SMART goal for a middle-class mother of one? I want to save money to go to grad school when I finish my bachelor's degree. I want to put 200,000 in a high-interest savings account by the end of the year. I want to save 25,000 to buy a moderately priced house in 5 years for my family.

MULTIPLE-CHOICE QUESTION Which of these financial goals features all the elements of a SMART goal for a middle-class mother of one? I want to save money to go to grad school when I finish my bachelor's degree. I want to put 200,000 in a high-interest savings account by the end of the year. I want to save 25,000 to buy a moderately priced house in 5 years for my family.
MULTIPLE-CHOICE QUESTION
Which of these financial goals features all the elements of a SMART goal
for a middle-class mother of one?
I want to save money to go to grad school when I finish my bachelor's degree.
I want to put 200,000 in a high-interest savings account by the end of the year.
I want to save 25,000 to buy a moderately priced house in 5 years for my family.

Solution
4.5(253 votes)

Answer

I want to save \ 25,000 to buy a moderately priced house in 5 years for my family. Explanation 1. Identify SMART Goal Elements A SMART goal is Specific, Measurable, Achievable, Relevant, and Time-bound. 2. Analyze Each Option - First option lacks specificity and time-bound elements. - Second option is specific and measurable but may not be achievable or relevant for a middle-class mother. - Third option is specific, measurable, achievable, relevant, and time-bound.

Explanation

1. Identify SMART Goal Elements<br /> A SMART goal is Specific, Measurable, Achievable, Relevant, and Time-bound.<br /><br />2. Analyze Each Option<br /> - First option lacks specificity and time-bound elements.<br /> - Second option is specific and measurable but may not be achievable or relevant for a middle-class mother.<br /> - Third option is specific, measurable, achievable, relevant, and time-bound.
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