Final answer:
Being debt-free within the next 15 years is a financial goal pertaining to Personal Financial Literacy that demonstrates the application of SMART goal-setting principles to improve one's financial situation.
Step-by-step explanation:
Being debt-free within the next 15 years is an example of a financial goal. It relates to Personal Financial Literacy, as it involves making strategic decisions to manage one's finances better. By setting such a goal, an individual is planning to reduce their liabilities and thus interest expenses over time, which aligns with the concept of living within a budget and the importance of making SMART goals that are Specific, Measurable, Attainable, Realistic, and Timely. These goals contribute to improved financial well-being and help individuals avoid issues such as debt accumulation that middle-income nations face.