ECONOMICS
BUDGETING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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an annual vacation
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saving for retirement
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buying a used car
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completing college within the next six months
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Detailed explanation-1: -Long-Term Financial Goals. The biggest long-term financial goal for most people is saving enough money to retire. The common rule of thumb that you should save 10% to 15% of every paycheck in a tax-advantaged retirement account like a 401(k) or 403(b), if you have access to one, or a traditional IRA or Roth IRA.
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: -Long-Term Financial Goals Some examples of long-term goals include: paying off your mortgage, saving for your child(ren)’s education, and retirement.
Detailed explanation-4: -Set a Retirement Budget. Plan a Milestone Event. Prioritize Wellness. Discover New Interests. Re-think Residences. Leave a Legacy. 14-Sept-2022
Detailed explanation-5: -Become a better spouse or parent. Complete your first marathon. Create and commit to a fitness routine. Learn a foreign language. Cut junk food out of your diet. Start volunteering regularly. Increase your emotional intelligence. Earn a college degree. More items