Hello everyone! My name is Brenda Butnick and I’m a Financial Coach at Jewish Family Service in Dallas. I work one-on-one with clients to help them achieve financial self-sufficiency.

We discussed How to Create SMART Goals in my last blog and today we will discuss How to Separate Goals by Time Frame.

Step 4: Separate Goals by Time Frame

Organizing goals into different time horizons makes them easier to manage:

Short-Term Goals (Within 1 Year)

• Build an emergency fund

• Pay off a credit card

• Create a monthly budget

• Save for holiday expenses

Medium-Term Goals (1–5 Years)

• Purchase a vehicle

• Save for a home down payment

• Pay off student loans

• Start investing regularly

Long-Term Goals (5+ Years)

• Retirement planning

• Paying off a mortgage

• Funding college education

• Building long-term wealth

We will discuss How to Build a Budget Around Your Goals in my next post on Friday, November 27th.

That’s all for your Financial Fitness today! 

Until next time – take care and stay financially fit!