Eva always wanted to be a veterinarian. She just got her license and opened her own practice. Her next goal would be to buy a house within the year; however, she decided to take $1,000 out of her paycheck per month to pay off her student loans. In four years, she will pay off her loans and then she will use $1,000 a month to save for a down payment. Which best describes what Eva is doing? She is not prioritizing and needs to further adjust her short-term goals. She is prioritizing her goals and adjusting from a long-term to a short-term goal. She is prioritizing her goals and adjusting from a short-term to a long-term goal. She is not prioritizing and needs to further adjust her long-term goals.

Question

Ansley Weaver

Business

4 December, 19:52

Eva always wanted to be a veterinarian. She just got her license and opened her own practice. Her next goal would be to buy a house within the year; however, she decided to take $1,000 out of her paycheck per month to pay off her student loans. In four years, she will pay off her loans and then she will use $1,000 a month to save for a down payment. Which best describes what Eva is doing? She is not prioritizing and needs to further adjust her short-term goals. She is prioritizing her goals and adjusting from a long-term to a short-term goal. She is prioritizing her goals and adjusting from a short-term to a long-term goal. She is not prioritizing and needs to further adjust her long-term goals.

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Answers (1)

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Chanel Waller · Answer 1

There are a few viable answers to this question.

What we know of Eva is that she has her veterinary license, and currently has her own practice open. Even though it is not specified in the text, we can infer that Eva does have lodging in an apartment or rental home. This makes saving to buy a house over a period of time less urgent since she does currently have a place to live, even though she would like to eventually own her own home.

I feel that the best choice is option #3, s he is prioritizing her goals and adjusting from a short-term to a long-term goal. Investing in a home takes a lot of time and saving. Since it is not specified how much student debt Eva has, we can assume that with her practice open, she will be able to pay off her student loans in a timely fashion, as well as save money on the side for a home. Option #4 could also have a case made for it, but I feel that option #3 is the best option.