Financial goals describe the desired of your financial planning activities. Most financial advisors recommend developing goals with three broad categories of completion dates: Long-term goals, which identify wants and needs that are expected to be realized from now Short-term goals, which address more immediate needs and wants, such as those occurring within the next goals, which identify wants and needs that occur between the other two categories months Your financial goals and aspirations can be differentiated according to several criteria, including their target completion dates, potential effectiveness, importance, and estimated cost, among others. Identify whether each goal-writing practice will make the goal more or less effective. Goal-Writing Practice Neal wrote goals that are consistent with his personality and attitudes toward money management. Eve's desired financial outcomes are expressed in monetary terms. Neal's financial goals are not consistent with his wants, needs, and financial resources. Eliza believes that goals, once established, should never be changed. More Effective Less Effective