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.
Remember how excited you were when you saved your allowance towards a new video game or shopping trip as a child? You’ll feel the same way reaching short term goals, The following are some of the most effective ways to improve your own personal effectiveness. Most of the adults are grown up.
Short-term financial objectives are a good way to understand the value of goal-setting, make better financial decisions and get some momentum for improving your financial position.
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 practical terms ,…
