BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Determine how much money you can spend and how much you can save per month based on your income. Use this 50/30/20 budget calculator as a starting point. Set a timeline for your goals, then work toward them. Try to cut back on purchasing things you don’t need and set the savings aside for your goals.

Detailed explanation-2: -Any goal within a five-year window is considered short term; anything longer is (you guessed it) long term. Some short-term goal examples include buying a new car or paying down student loans, while long-term goals may be things like saving for retirement, paying for your kids’ education, or buying a vacation home.

Detailed explanation-3: -Short term goals may be to buy a car, pay for a wedding or vacation, or pay for some home repairs. Longer term goals may be to get out of debt-like paying off credit cards or a home equity line of credit-paying for your child’s education or saving for retirement. Or maybe it’s to buy a vacation home.

Detailed explanation-4: -Short-term financial goals are objectives that organizations aim to achieve in a relatively short period of time (often quarterly or annually). These objectives are usually smaller in scope and easier to predict and realize than long-term financial goals.