Final answer:
Tyrone can make his goal of creating an emergency fund SMART by setting a specific amount he wishes to save and a deadline to achieve this amount.
Step-by-step explanation:
Tyrone's financial goal to create an emergency fund can be made more effective by using the SMART goal strategy, which emphasizes having goals that are Specific, Measurable, Attainable, Realistic, and Timely. To make Tyrone's financial goal specific, he could define a specific amount he wants to save. To make his goal timely, he could set a deadline by which he wants to achieve this amount.
Therefore, the answer is: Tyrone could give himself a specific amount to make his financial goal specific, and a deadline to make it timely, which corresponds to option (a) Deadline, specific amount.To make Tyrone’s financial goal specific, he could give himself a specific amount. For example, he could decide to save $5000 as his emergency fund goal. This makes the goal clear and measurable. To make his goal timely, he could give himself a deadline. For instance, he could set a goal to save $5000 within the next year. This adds a time constraint to the goal, making it time-bound and actionable.