short-term goal is something you want in the near future or can be achieved in 12 months or less..
Description
Short-term financial goals tend to be narrow in scope, with a limited time horizon. Short-term goals can include purchasing household furniture, minor home improvements, saving for a car or vacation, or paying for a graduate degree.
Better still, however, short-term goals should include getting the best possible handle on your budget, adjusting your spending habits, eliminating credit card debt, saving a set percentage of your income, and/or establishing your emergency/rainy-day fund.
Short-term goals can include getting serious about doing away with unnecessary spending. Do you need a landline phone? Do you need all those premium cable channels? Do you need to eat out multiple times a week?
Sound daunting already? Then perhaps your key short-term goal is to find a financial counselor or investment adviser who can help you sort your priorities and set a plan.
Answers & Comments
Answer:
short-term goal is something you want in the near future or can be achieved in 12 months or less..
Description
Short-term financial goals tend to be narrow in scope, with a limited time horizon. Short-term goals can include purchasing household furniture, minor home improvements, saving for a car or vacation, or paying for a graduate degree.
Better still, however, short-term goals should include getting the best possible handle on your budget, adjusting your spending habits, eliminating credit card debt, saving a set percentage of your income, and/or establishing your emergency/rainy-day fund.
Short-term goals can include getting serious about doing away with unnecessary spending. Do you need a landline phone? Do you need all those premium cable channels? Do you need to eat out multiple times a week?
Sound daunting already? Then perhaps your key short-term goal is to find a financial counselor or investment adviser who can help you sort your priorities and set a plan.