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Blababa [14]
1 year ago
7

roxy decides that she wants to set a financial goal of saving for an emergency fund. write about some of the ways roxy could mak

e her financial goal a smart goal. remember, a smart goal adheres to the smart acronym: specific measurable achievable realistic timely
Business
1 answer:
Yuki888 [10]1 year ago
3 0

The SMART goals fore Roxy will be illustrated as:

Specific: Roxy wants to start saving for an emergency fund.

Measurable - Roxy simply needs to measure the amount of money that she is getting every month and how much she uses for necessities.

Achievable- Roxy should think deeply whether she can keep up with and if it is doable. Can she contiously put money into the fund every time she gets paid?

Realistic- Roxy's goal is what she could need in the future, she needs to think if this goal is something she needs for the future. Is this something that is realistic for her to do?

Timely - The goal should be timely. This is important for the accomplishment of the goal.

<h3>What is SMART?</h3>

The acronym S.M.A.R.T. provides guidelines for setting goals and objectives for better results in project management, employee performance management, and personal development, among other areas. George T. Doran first coined the phrase in the Management Review issue from November 1981.

In this case, the SMART goals for Today have been explained above.

Learn more about SMART on:

brainly.com/question/8986181

#SPJ1

Creating a Personal Budget

The amount of money used for basic personal expenses such as housing, food, transportation, and taxes is called the cost of living. The cost of living for a city indicates how expensive or inexpensive it is to live there. Explore the cost of living for a few different cities.

Roxy is planning to move to Fort Lauderdale, Florida, and work as a nurse. She has one dog and no children. She uses public transportation and plans to rent an apartment when she moves. The new company she’ll work for pays employees bimonthly, which means twice a month. In this activity, you’ll help Roxy make a budget.

Part A

Roxy decides that she wants to set a financial goal of saving for an emergency fund. Write about some of the ways Roxy could make her financial goal a SMART goal.

Remember, a smart goal adheres to the SMART acronym:

Specific

Measurable

Achievable

Realistic

Timely

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The present value of cash flow will be greater if we compound less frequently holding the stated interest rate constant.  true

<h3>What is interest rate constant?</h3>

A proportion that compares a loan's annual debt service to the sum of its principal is known as a loan constant. The annual debt service is divided by the total loan amount to determine a loan constant. Borrowers can compare the loan constants of several loans when looking for a loan before choosing one. The loan with the lowest loan constant will have reduced debt service obligations, resulting in a shorter length of time during which the borrower will pay less in interest and principal. Only loans with fixed interest rates are subject to loan constants; loans with variable interest rates are not.

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