Carl is new to financial planning and goal making, but one thing is clear to him: he wants to save a lot more every month. With his current income, he’s not sure if it will be possible. He’d like to achieve this goal beginning next month, but again he’s not sure if it can happen. Which question from the SMART goal framework should Carl MOST likely focus on?
Carl should focus on the question "Is it achievable?" from the SMART goal framework. This will help him determine if his goal of saving more money every month beginning next month is realistic given his current income and expenses. This question will prompt Carl to evaluate if his goal is attainable within his means, and if not, what adjustments he may need to make in order to make it achievable.
