Short, Medium, and Long-Term Financial Goals

• Short-Term Goals: Can be achieved in a relatively short time frame. For example, save $50 by the end of the week for a new video game.
• Medium-Term Goals: Don’t take a very long time but require planning. For example, save $20,000 this year to put into your startup.
• Long-Term Goals: Occur over many years and involve life-changing objectives. For example, save $1 million to retire by age 60.