Strategies to reach your long-term financial goals

When you stop to think about it, saving for short-term financial goals and medium-term financial goals isn’t that hard. All you need to do is regularly set money aside until you have enough saved up for your goal. You can even make your goal SMART to figure out how much you can put aside, when you’ll have the money saved up and if the goal is even attainable.

Long-term financial goals, though, are slightly different. You’re trying to save up tens of thousands of dollars, and potentially even hundreds of thousands. Some examples of financial goals that are long-term include:

• A down payment on a house
• Putting your children through college
• Saving for your retirement

 

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