clearly state to short term and to long-term financial goals use this figure as your text as a guide.

CHAPTER 3 Financial Statements, Tools, and Budgets 93 Figure 3-5 Goals Worksheet for Harry and Belinda Johnson Date worksheet prepared January 1, 2018 LONG-TERM GOALS AMOUNT NEEDED MONTHYEAR NEEDED Aue 2023 Aug. 2023 MONTHS TO SAVE DATE TO START SAVING A Aug. '18 IR MONTHLY AMOUNT TO SAVE (24) Home down payment $30,000 $30.000 20 $500 Date worksheet prepared January 1, 2018 INTERMEDIATE-TERM GOALS AMOUNT NEEDED MONTH/YLAR NEEDED" MONTHS TO SAVE DATE TO START MONTHLY AMOUNT SAVING TO SAVE (204) European Vacation New vehicle down payment $4,000 5.000 Jul. 2020 oct. 2021 30 45 Jan, 'IP Jan. ' IS $200 T I! Date worksheet prepared January 1, 2018 SHORT-TERM GOALS AMOUNT NEEDED MONTHYEAR NEEDED MONTHS TO SAVE DATE TO START SAVING MONTHLY AMOUNT TO SAVE (24) House fund European Vacation fund Summer vacation fund Anniversary dinner party Emergency fund $4,000 2400 1,200 500 2400 Dec. 2018 Dec. 2018 Jul. 2018 Dec. 2018 Dec. 2018 12 6 12 12 Jun '18 Jan. '18 Jan. 'IS Jan. '18 Jan '18 $500 200 200 42 200 -Goals requiring five years or more to achieve require consideration of investment return and after tax yield, which will be discussed in Chapter 4 THERE IS AN APP FOR THAT! or to transfer to a savings account). Additional savings, such as saving at is left over after all expenditures are made, will be a variable expense. rioritizing your goals makes sense. But what are your most important s? One certain priority should be to pay off high-interest credit cards as as possible because paving 18 percent interest is foolish. Another is to atribute as much as you can afford to a retirement plan at least up until receive the emplover's full matching contribution any college graduates buy a new car soon after getting their first job ebrate having "made it. Before you're lured into the same fate, give Antideration to your priorities and remember that every action car- uten but also the opportunity Some of the best apps are: Level Money . Mint ReadyforZero Splitwise