1.5 Budgeting to reach your goals

In this section:

• 1.5.1 Setting financial goals
• 1.5.2 Video: Budgeting to reach your goals
• 1.5.3 Setting short-, medium- and long-term goals
• 1.5.4 Budgeting for your goals
• 1.5.5 Summary of key messages

Introduction

"I want to buy a bicycle to get to work." "I want to renovate the kitchen." "I want to retire by 60." We all have goals—small and large, short- and long-term. Reaching them takes planning and saving. Budgeting can help.

In this section you will learn:

• how to identify short-, medium- and long-term financial goals
• how to define your goals so they are achievable
• how to use your budget to help you reach your goals.