The statement that could make Serena's financial goal to reduce debt specific and timely is:
Serena should focus on a certain amount and track her spending.
Debt is when one party borrows something—typically money—from another. Many businesses and individuals turn to debt in order to finance major expenditures that they would not otherwise be able to make.
A debt agreement permits the borrowing party to borrow money with the requirement that it be repaid at a later time, typically with interest. Many businesses and people turn to debt in order to finance major expenditures that they would ordinarily find difficult to make.
In a financial agreement based on debt, the borrower is given permission to borrow money with the understanding that it must be repaid later, typically with interest.
Secured, unsecured, revolving, and mortgaged debt can all be categorized into one of four groups.
Your personal, long-term ambitions for how you'll save and spend money are known as your financial goals. They may be objectives you have for the near future or the future.
In either case, setting goals in advance is frequently easier than doing so. Any financial strategy you have is a financial goal. Goals can be both immediate and long-term.
For instance, setting aside $1,000 is a short-term objective whereas saving for retirement is a long-term one. No matter how long it takes to accomplish them, your goals should provide you with direction and hold you accountable.
Hence, option B is the correct answer
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