Setting Financial Goals

Discover the importance of setting financial goals and how to categorize them effectively.

Why Set Financial Goals?

Setting financial goals gives you a clear direction for your financial journey. It helps you prioritize your spending and savings, making it easier to achieve your objectives.

Types of Financial Goals

  • Short-term Goals: Save for a vacation.
  • Medium-term Goals: Buy a car.
  • Long-term Goals: Save for retirement.

By categorizing your goals, you can create a roadmap to financial success.