Question

Brad's New Year's resolution was to save money by the end of the year. What fault would financial planners find with Brad’s goal?

a. This goal cannot be measured to determine if it has been achieved. b. This goal is not time-specific.
c. This goal is not future-oriented
d. This goal is not specific enough.
e. This goal is overly specific

Answer 1

Answer: This goal is not specific enough.

Explanation: This goal is not specific enough. It is important for Brad to specify a clear amount he intends to save at the end of the year.

Brad saying he wants to save money by the end of the year is vague and as such, He can say at the end of the year he has saved money if he saved $2.

But financial planners will disagree with this because in order to set a goal, it must be realistic, achievable and explicit.