These financial goal examples show how short-term, mid-term and long-term plans can work together to help you stay focused, motivated and on track — whether you’re paying down debt, saving for ...

When you consider some of your long-term financial goals, it’s easy to feel overwhelmed. For example, if you want to save $1 million for retirement, taking the first step can be daunting.

An example of a long-term business goal that the short-term goal helps achieve is to double business revenue by the end of the fiscal year. Advertisement. Article continues below this ad.

For example, if one of your long-term savings goals is being able to pay for your child to go to college, it would be helpful to have a specific college fund account.

Unlike a long-term portfolio, which has a timeline of 10-plus years, the main goal of a short-term portfolio should be to outpace inflation while protecting what you’ve saved.

Stocks, for example, are a common investment used for long-term goals. Find Out: 10 Things You Should Do When Your Child’s 529 Account Reaches $20,000 Create an Overall Savings Budget ...

Unlike a long-term portfolio, which has a timeline of 10-plus years, the main goal of a short-term portfolio should be to outpace inflation while protecting what you’ve saved.