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7 November, 11:53

Using your knowledge of SMART goals, select the best goal. I will start saving money toward a new house next week. I will save $40,000 by January 3, 2014, to use as a down payment on a home. I will buy a new house soon so my family will have a place to live. I will pay off my credit cards so I can start saving money for a house. g

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  1. 7 November, 12:10
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    Answer: I will save $40,000 by January 3, 2014, to use as a down payment on a home.

    Explanation: SMART goals are:

    Specific: they are well defined. Here, the goal is to save money towards the down payment of a house. It is clearly defined.

    Measurable: it can be quantified with a number. The options, I will start saving money towards a new house does not state exactly how much. It can not be measured so it is impossible to say whether you have achieved the goal or not.

    Achievable: It should be doable. We don't have enough information here to know if saving $40,000 by January 3 2014 is doable. For instance if the person setting this goal earns $80,000 per year and is setting this goal in 2012 or January 2013, it may be achievable. It is not if he makes $20,000 per year.

    Relevant: the goal should be one that motivates you because it is important to you.

    Time bound: There should be a time by which you want to achieve the goal.

    The chosen option is the best goal of the because it meets more of the SMART goals criteria than the others: It is Specific, Measurable and Time-bound.
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