Joanne has a goal of buying a townhome and saved for 5 years. She expected to have the down payment of $15,000 saved by now but unfortunately she is $2,000 short. Joanne is stressed and ready to give up. As her friend, what would you say to Joanne to convince her that she should not give up? Give her an option of how she might adjust her plan.

Question

Revolt · Accepted Answer

I would encourage Joanne not to give up because she has already saved most of the down payment. She could adjust her plan by extending the timeline and saving $200 more per month for 10 months, or by reducing expenses and increasing her monthly savings until she reaches the additional $2,000.

Financial Goals

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