Question: 4) Over the next two years Amanda plans to continue living at her parent's home. She is a 24-year-old recent graduate, has started her first

4) Over the next two years Amanda plans to continue living at her parent's home. She is a 24-year-old recent graduate, has started her first full-time job and wants to build her financial security. She decides to set a SMART financial goal to save for an emergency fund. After carefully evaluating her income and expenses, Amanda sets the following goal: "I will save $9,000 in an emergency fund within the next 18 months by setting aside $500 per month from my salary and any additional income from freelance work. I will track my progress monthly and adjust my budget if necessary to stay on target." Which of the following best explains why Amanda's goal meets the SMART criteria? a) It is measurable because she tracks her progress monthly and can see if she is on target. b) It is attainable because she has a specific plan to save a reasonable amount within her means. c) It is time-bound because she sets a clear deadline of 18 months to achieve the goal. d) All of the above. e) None of the above, as it is not a SMART goal since Amanda can adjust the budget anytime

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