15
QuizMultiple Choice

Financial Goals

Question 15 • Financial Math - MA2007 CR

It is important to re-evaluate financial goals periodically. In which of the following situations would it be necessary to change an existing financial goal?

Answer
A
You fell sharply behind your expected schedule with regard to saving.
B
You recovered from an unexpected expense and are rattled that you did not see it coming.
C
You married, and your spouse has a similar financial goal.
D
You came across unexpected income.

Explanation

If you have fallen sharply behind your expected savings schedule, the existing goal may no longer be realistic as planned, so you need to reassess it—such as changing the timeline or the amount you save. Recovering from an expense, marrying someone with a similar goal, or receiving extra income may prompt a review, but none necessarily requires changing the goal.

AI-written and checked against the verified answer.

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