Ask someone about personal finance and they’ll usually talk about financial planning for long-term goals like retirement accounts and investment plans. We’ve got some advice about that stuff, too. What really makes people excited? Short-term financial goals. Set an achievable goal you can hit in a few short months and you’ll suddenly be filled with purpose.
You may remember the excitement of saving up your allowance to buy a videogame or go shopping. You’ll feel the same way reaching short term goals, You can find out more about it here. Most of the adults are grown up.
Short-term financial objectives are a good way to understand the importance of goal setting. They can also help you make better financial decisions and get motivated towards changing your financial circumstances.
What Are short-term Financial Goals?
A short-term financial goal is a milestone that’s measurable (i.e. not a vague pledge to “save extra money”) and can be achieved within a 12-month time frame.
Short-term goals are the appetizers to your financial journey. They’re the little bites that keep you satisfied and build excitement for your eventual entree (which, in this case, would be your longer-term financial goals).
In practice ,…
