Sound financial goals for a young family might include which of the following?

Saving for college for the children is a sound financial goal for a young family because it addresses future educational needs and helps ensure that children have the opportunity to pursue higher education without incurring significant debt. Establishing such a goal reflects foresight and planning for financial security, particularly when considering the rising costs of education. This type of objective can encourage the family to allocate resources effectively, prioritize savings, and potentially take advantage of college savings plans or investment accounts that can grow over time.

In contrast, traveling extensively, investing in high-risk stocks, and purchasing luxury items may not align with the immediate financial priorities of a young family. While these activities can be enjoyable or potentially lucrative, they do not typically address the foundational financial responsibilities that come with raising children, such as education, healthcare, and savings for future expenses. Therefore, focusing on education savings represents a more prudent financial strategy for young families aimed at securing their children’s futures.