goals
what is a short term financial goal
a goal that can be achieved fairly quick, this can be create budget, online investment's, payment toward credit card.
what is the best saving strategy
70-2-10
what is a long term financial goal
typically a goal that cannot be achieved for 5 years down the road
what does the 70 in 70-20-10 represent
this is the money used for living expenses
identify some short term goals
save for car, save for vacation, improve credit score, down payment, save money
what does the 20 in 70-20-10 represent
this portion goes to investments and savings
identify some long term goals
pay student debt, save for retirement, pay credit card, payoff house as well as cars
what does the 10 in 70-20-10 represent
this can be used for debt repayments or donations
is long term goal more common or is short term goal more common
long term