ECONOMICS
MONEY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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going on a three-week cruise
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buying a new luxury automobile
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going to college
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purchasing a new CD
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Detailed explanation-1: -Your short-term goals should consist of setting a budget, reducing your debt, and starting an emergency fund. There are plenty of free online budgeting tools to help you learn how to budget.
Detailed explanation-2: -Short-term financial goals are the things you want to do with your money within the next few months or years. Some key short-term goals include setting a budget, starting an emergency fund, and paying off debt.
Detailed explanation-3: -The goal of a short-term investment-for both companies and individual or institutional investors-is to protect capital while also generating a return similar to a Treasury bill index fund or another similar benchmark. Companies in a strong cash position will have a short-term investments account on their balance sheet.
Detailed explanation-4: -Short-term financial planning is about solving immediate problems and developing strategies that will lead to results, usually within one year. Short-term goals should be achievable and adaptable to emerging circumstances.