ENTREPRENEURSHIP

Detailed explanation-1: -Financial goals are targets set by an individual to achieve financial milestones or plans. In other words, they are financial objectives that an individual wishes to accomplish within a certain time frame. For example, it could be setting up a fund for their children’s education, travel, emergency, health care, etc.

Detailed explanation-2: -The first step of setting financial goals is to divide your goals based on when you’d like to achieve them. Goals that you want to achieve within a year or so can be short-term goals. Medium-term goals have duration of 3-5 years, and long-term goals generally have a duration of 10 years or more.

Detailed explanation-3: -Examples of financial goals include creating an emergency savings account, building a retirement fund, paying off debt and finding a higher-paying job.

Detailed explanation-4: -Make a budget. You can set the greatest goals possible, but it’s pointless if it’s not grounded in reality. Pay off credit card debt. Start an emergency fund. Save for retirement. Save for college. Save for a down payment on a home. Improve your credit score. Pay off student loans. More items •10-Feb-2023