Financial Goals

Definition: Financial goals are specific objectives you set to manage your money effectively, such as saving for a major purchase, reducing debt, building wealth, or achieving financial independence. These goals can be short-term, mid-term, or long-term, depending on the timeline for achieving them.

Example: A short-term goal might be saving $1,000 for an emergency fund in three months, while a long-term goal could be accumulating $1 million for retirement over 30 years.