ECONOMICS
SAVING AND INVESTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Purchasing household furniture
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Saving up for a family vacation
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Saving for a college education
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Establishing an emergency fund
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Detailed explanation-1: -Long-term goals generally require a long-time horizon. If you are planning to save for your child’s college then starting 10-15 years in advance is the right way to go.
Detailed explanation-2: -Some examples of long-term goals include: paying off your mortgage, saving for your child(ren)’s education, and retirement.
Detailed explanation-3: -A long term goal takes several weeks, months, or even a full school semester of year, to achieve. An example would be to improve a grade by the end of the semester. The following series of questions (from Heacox, 1991) is designed to guide you through an interview with a student.
Detailed explanation-4: -The Importance of College Goals. Have a 3.0 GPA Upon Graduation. Complete Your Bachelor’s in Four Years. Get Accepted into a Graduate Program. Complete General Education Courses First. Publish an Academic Paper Before Graduation. More items
Detailed explanation-5: -Participate in class and stay engaged with your schoolwork. Establish a good routine to manage your time. Limit social media and gaming activities. Take challenging classes. Ask your teacher or counselor for extra help. More items