please answer 1 and 2

In a discussion with her financial advisor, Lisa states one of her financial goals is to save for her 2 year old child's university education over the next 16 years. To do so, she will cut back on entertainment expenses and invest the extra cash in bonds. Why is this goal not SMART? It has no time frame It is not specific It has no action plan It is not realistic An understanding of personal finance is beneficial in many ways. Which enables you to identify conflicts of interest that may prove harmful to you? Judging the advice of financial advisors Understanding the mathematics underlying financial decisions Becoming a financial advisor Learning to make your own financial decisions