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A plan of dollar amounts to be spent on long-term projects is called a Capital Budget.
<h3>What Is Capital Budgeting? </h3>
Capital budgeting is known to be a form of a business doings that is often done to examine potential major projects or any form of an investments.
Note that before a person does any business, it is good that they have the budgeted amount of money they are willing to spend as it is important before going into the business.
Hence, A plan of dollar amounts to be spent on long-term projects is called a Capital Budget.
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Assuming your retirement is more than 2 years away, and that your car purchase is not before the end of the year, the shortest-term goal of those listed is ...
... d. add $200 to your savings account by the end of the year
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As a teenager, "short term" may be a matter of a week or two. As a middle-aged adult, both your life-lived and life-expectancy are somwhat longer, so "short-term" can be somewhat longer as well. In old age and failing health, "short-term" may again be a matter of a few weeks at most. Such concepts are tempered by perspective.
