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Gilles and Catherine, both recent university graduates, are building their first financial plan. Their most...

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Accounting

Gilles and Catherine, both recent university graduates, are building their first financial plan. Their most important goal is to purchase a house in 4 years. Their plan calls for a 50% saving ratio to accumulate the $150,000 down payment by investing in term deposits. Which element of developing SMART goals have they not met?

  1. The goal is not measurable.
  2. The goal is not time bound.
  3. The goal is not realistic.
  4. The goal lacks an action plan.

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