OBJECTIVES

1. Define Financial Goal

2. Describe timeframe of Financial
Goal
3. Categorize Financial Goal
 Financial goal
• monetary targets you strive to hit
• are the personal, big-picture objectives you set
for how you’ll save and spend money.
• They can be things you hope to achieve in the 
short term or further down the road. Either way,
it’s often easier to reach your goals if you identify
them in advance
 Financial goal
example
• Paying off debt.
• Saving for retirement.
• Building an emergency fund.
• Buying a home.
• Saving for a vacation.
• Starting a business.
 Financial goal
• Setting financial goal is the first step in personal
financial planning.
• Fall into three timeframe: short-term, medium
term, and long term
• Short term Goal- One to Two years only
• Medium term Goal- Three to Seven Years
• Long term Goal- Greater Than Seven years
 Financial goal
• Get Paid What You're Worth and Spend Less Than
You Earn
• Stick to a Budget
• Pay off Credit Card Debt
• Have a Savings Plan
• Invest
QUIZ-2 – submit your final file in the moodle
 PARTICIPATION-2
Submit ni moodle
• Enumerate and discuss at least 5 importance of
setting FINANCIAL GOAL
 ASSIGNMENT-3

1. Identify and compare the sources and uses of

income.
2. Define and illustrate the budget balances that
result from the uses of income.
3. Outline the remedies for budget deficits and
surpluses