Question

When we make goals, we can use the word SMART to check if they are good goals or if they need to be improved.

Which of these is a SMART financial goal?
Choose 1 answer:
Choose 1 answer:
(Choice A) I want to invest for retirement.
A
I want to invest for retirement.
(Choice B) I want to spend less on eating out.
B
I want to spend less on eating out.
(Choice C) I want to raise my credit score by

points and get a lower interest rate.
C
I want to raise my credit score by

points and get a lower interest rate.
(Choice D) I want to save up for a down payment of

of the purchase price of a car within my budget range by next year.
D
I want to save up for a down payment of

of the purchase price of a car within my budget range by next year.

Answer 1

[AI-generated answer — Bot GPT 3.5]

The SMART financial goal is (Choice D) "I want to save up for a down payment of [a specified amount] of the purchase price of a car within my budget range by next year." This goal is specific, measurable (it has a specified amount), achievable (within the budget range and timeframe), relevant (to purchase a car), and time-bound (by next year).