Which options show a financial goal? Select the two correct answers. (1 point)
A.getting a credit card
B.paying off a credit card
C.saving for college
D.acquiring a new bike
E.buying a new video game
B.paying off a credit card
C.saving for college
The two correct answers that show a financial goal are:
B. Paying off a credit card
C. Saving for college
To determine which options show a financial goal, we need to understand what a financial goal is. A financial goal typically refers to a specific objective that you want to achieve with your finances. It often involves saving, investing, or managing money in a way that aligns with your long-term financial objectives.
Now, let's evaluate the options:
A. Getting a credit card: While getting a credit card can be part of someone's financial plan, it is not necessarily a financial goal on its own. It is more of a financial tool or means, rather than a goal.
B. Paying off a credit card: This option does show a financial goal because it involves reducing or eliminating debt. Paying off a credit card can help improve one's financial situation and is often seen as a goal.
C. Saving for college: This option definitely aligns with the concept of a financial goal. Saving for college is a specific objective that involves setting aside money for future educational expenses.
D. Acquiring a new bike: Acquiring a new bike might be a personal desire or want, but it does not necessarily qualify as a financial goal. It is generally considered a short-term purchase rather than a long-term financial objective.
E. Buying a new video game: Similar to acquiring a new bike, this option is more of a personal want or desire rather than a financial goal.
Based on this analysis, the two options that show a financial goal are B. paying off a credit card and C. saving for college.