1.5.3 Setting short-, medium- and long-term goals

Short-term goals
Start with the near future. Think about your needs, wants and your priorities. What do you want to do within the next year that will cost money? It could be to pay off your $800 credit card balance, put $1,000 in a Registered Retirement Savings Plan or add a deck to your home for $2,000.

Medium-term goals
Think further into the future. What do you want to do in the next one to three years that will cost money? It could be to take a ski vacation for $3,500, save $5,000 for your children's education or buy a used car for $15,000.

Long-term goals
Now look even further ahead. What do you want to do three or more years into the future that will cost money? It could be to pay off your $25,000 student loan, save $30,000 toward your retirement or renovate your home for $50,000.

Setting my financial goals

Enter your most important short-term, medium-term and long-term goals. For each one, enter the estimated cost. Then add up the total cost.

Short-term goals (within the next year)	How much will it cost?
Short-term goal #1 Short-term goal #1	$ Invalid format.
Short-term goal #2 Short-term goal #2	$ Invalid format.
Short-term goal #3 Short-term goal #3	$ Invalid format.
Total	$0.00

Medium-term goals (one to three years)	How much will it cost?
Medium-term goal #1 Medium-term goal #1	$ Invalid format.
Medium-term goal #2 Medium-term goal #2	$ Invalid format.
Medium-term goal #3 Medium-term goal #3	$ Invalid format.
Total	$0.00

Long-term goals (more than three years)	How much will it cost?
Long-term goal #1 Long-term goal #1	$ Invalid format.
Long-term goal #2 Long-term goal #2	$ Invalid format.
Long-term goal #3 Long-term goal #3	$ Invalid format.
Total	$0.00

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Date modified:: 2019-03-01