Question: 1 ) Rita and her long - time boyfriend Max, both 2 4 - year - old university graduates, recently started their first full -

1) Rita and her long-time boyfriend Max, both 24-year-old university graduates, recently started their first full-time jobs with Bombardier, and are determined to save as much as possible for a future home down payment. To help them reach their goal, Ritas aunt and uncle have offered them the use of their basement apartment for a modest rent of $400 per month, allowing the couple to significantly reduce their living expenses. After carefully reviewing their budget, Rita and Max concluded that they could each set aside $1,000 per month. Together, they established the following financial goal:
"We will save $26,000 over the next 12 months by each contributing $1,000 per month from our salaries with Bombardier, along with any additional income that Rita earns from tutoring and Max earns by driving for Uber on weekends. We will track our progress monthly and adjust our budget if necessary to stay on target."
Which of the following best explains why their goal meets the SMART criteria?
a) It is measurable because they will review and track their progress monthly to see if they are on track.
b) It is attainable because they have a specific plan to save a reasonable amount within their means.
c) It is time-bound because they have set a clear deadline of 12 months to achieve their goal.
d) All of the above.
e) None of the above, as it is not a SMART goal since they can both adjust the budget anytime.

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