Financial goals are things you wish to achieve with your money. These are identified as either short-term goals or long-term goals.

Things you can afford or will be able to afford within a year are considered short-term financial goals. Those that involve saving or making payments for more than a year are considered long-term financial goals.

Everyone will need to set some long-term goals in their life. These goals may involve repaying the money borrowed in a mortgage or setting an amount aside for retirement.

Achieving your financial goals is extremely important to your overall well-being and happiness. If you can learn to think about saving and spending your money, you are far more likely to feel positive about yourself and make sound financial decisions.