Which is the most important consideration when establishing your financial goals?
A)Savings should be allocated to short-term goals first.
B)Estimates of the cost of the goals should be exact.
C)Your goals should be as challenging as possible.
D)The goals should be reasonable and realistic.

Question

Quizplus · Accepted Answer

The most important consideration when establishing financial goals is that they should be reasonable and realistic. This means taking into account your current financial situation and any potential obstacles that may arise. Setting goals that are too ambitious or unrealistic can lead to frustration and decreased motivation to continue working towards those goals. It is also important to prioritize goals and allocate savings accordingly, but this should not take priority over setting realistic goals. It is also not necessary for estimates of the cost of the goals to be exact as long as they are reasonably close.

Which Is the Most Important Consideration When Establishing Your Financial