Knowing the "when" of your financial goals is crucial because investing for short-term versus long-term goals differs, depending on how long you can keep your money invested, you will need to adopt a different investing approach.
<h3>What exactly do you mean by "timeframe of saving goals"?</h3>
The framework of saving goals involves the time period for which an individual has been planning to save the amount. The planning framework can be of short term or long term.
Examples of short-term goals include: getting a new car or paying off student loans, whereas long-term objectives could be things :like putting money down for retirement, funding your children's education, or purchasing a second house.
Setting a deadline for achieving your goal can be helpful after you know how much money you need to save and your savings objective. This will encourage you even more to make progress toward your financial objectives.
Learn more about savings goals, here:
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