Personal Finance: Turning Money into Wealth (7th Edition) (Prentice Hall Series in Finance)
Personal Finance: Turning Money into Wealth (7th Edition) (Prentice Hall Series in Finance)
7th Edition
ISBN: 9780133856439
Author: Arthur J. Keown
Publisher: PEARSON
Question
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Chapter 1, Problem 3PA
Summary Introduction

To identify:

Five financial goals according to the features of financial goals.

Introduction:

Financial goals are the monetary objective of an individual or family. So, they can be financially secured. Financial goals have certain features such as:

  • Specific means goals should be specific as much as possible.
  • Realistic:

    It means it should be achievable and not something that is not possible to achieve.

  • Prioritized:

    It means the one can rank their different goals.

  • Anchored in time means goals should be made to be achievable in a particular time frame.

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