In: Finance
A short-term financial goal is expected to be accomplished in less than 2 years. A long-term financial goal is expected to take more than five years to achieve. Provide an example of a short- term financial goal and a long-term financial goal.
1. Examples of short term financial goals are-Payment towards rent, Credit card repayments, Payment towards student loans.
2. Examples of long term financial goals are-
Starting a business, Retirement fund, financial independence