Answer:
Yes It is true that to get the best outcome while trying to reach a financial goal, you should estimate the cost of the goal and how long it will take to save enough money to accomplish that goal.
Explanation:
Financial goals are targeted towards specific future financial needs.
A typical example of an individual's financial goal could be to buy a house, a dream car and saving for children's Education.
The best outcome while trying to reach a financial goal is
- Cost estimation
- Time required to raise capital
when this two factors is in place, then the timeline for accomplishing that financial goal will be determined.
