Question

Mark and susan, a recently married couple with full?time jobs, set a goal of putting $200 in savings every month to make a down payment on a home in five years. what type of goal have they set?

Answer 1

The type of goal they set is referred to as medium term goal. There are three types of goal, short, medium and long term goals. Short term last for a maximum of two years, medium term goal last for a maximum of five years while long term goal can last up to ten years.