Question

True or False: To get the best outcome while trying to reach a financial goal, you should estimate the cost of the goal and how long it will take to save enough money to accomplish that goal.

Answer 1

Yes It is true that to get the best outcome while trying to reach a financial goal, you should estimate the cost of the goal and how long it will take to save enough money to accomplish that goal.

Step-by-step explanation:

Financial goals are targeted towards specific future financial needs.

A typical example of an individual's financial goal could be to buy a house, a dream car and saving for children's Education.

The best outcome while trying to reach a financial goal is

• Cost estimation
• Time required to raise capital

when this two factors is in place, then the timeline for accomplishing that financial goal will be determined.

Answer 2

True

Step-by-step explanation:

Estimating the cost of a financial goal and time it will take to save sufficient money to execute the goal is important to get the best outcome