ECONOMICS
BUDGETING
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Detailed explanation-1: -Austin will save $600. Austin will spend $25 less on entertainment every month in order to save that $25 instead. Austin has determined that the opportunity cost of saving money is more valuable than spending an extra $25 on entertainment every month.
Detailed explanation-2: -Setting specific, measurable, achievable, relevant, and time-bound (SMART) objectives is a good way to plan the steps to meet the long-term goals in your grant. It helps you take your grant from ideas to action.
Detailed explanation-3: -One easy way to help identify your financial goals is to use the acronym “SMART” (specific, measurable, attainable, relevant, timely) to help you create and pursue actionable, realistic goals.
Detailed explanation-4: -Studying. Simple Goal: I need to study more. Writing. Simple Goal: Reading More Books. Simple Goal: Mastering Emotions. Simple Goal: Exercising More. Simple Goal: Improving Your Diet. Simple Goal: Becoming More Productive. Simple Goal: Time Management. Simple Goal: More items •14-Oct-2022