What feature should a plan have to ensure a financial goal is attainable?

A detailed budget is essential for ensuring that a financial goal is attainable because it provides a concrete framework for tracking income and expenditures. By outlining all sources of income and all necessary expenses, a budget helps individuals understand how much money is available to be allocated toward a specific goal. This detailed financial plan enables individuals to make informed decisions about saving, adjusting spending habits, and staying motivated as they work towards their goal.

In contrast, an unspecified approach lacks clarity and direction, making it difficult to assess progress or remain committed to achieving the goal. A timeframe exceeding one year could create a sense of uncertainty or delay in motivation without immediate milestones to keep track of progress. Similarly, a lack of clear actions would leave individuals without any planned steps to follow, which can lead to inaction or frustration. Thus, a detailed budget provides the structure necessary to define financial goals and monitor progress effectively.