Summary of Personal Financial Goals Set financial goals carefully and realistically, as they form the basis for your personal financial plans You should define them in measurable, specific terms and give them a priority and time frame. Personal Financial Goals Name(s) Tim and Andrea Shepard December 27, 2008 Date Short-Term Goals (1 year or less) Goal Priority Target Date Cost Estimate Buy new tires and brakes for ford focus High feb. 2009 Buy career clothes for Andrea High May 2009 1.200 Take ski trip Medium Mar 2009 1.800 Replace stereo components Low Sept. 2009 1.00 Buy new work clothes for Tem Medum June 2009 750 $ 500 Cost Estimate c. $ 7.500 10,000 000 5,000 Intermediate-Term Goals (2 to 5 years) Goal Priority Target Date Start family High 2017 Repay all loans except mortgage High 2012 Trode focus and buy larger car High 2012 Buy new bedroom furniture Low 2013 Take 2-Week Hawanan vacation Medium 2010/11 Review insurance needs High 2011 Accumulate $100,000 net worth High 2013 Long-Term Goals (6+ years) Goal Priority Target Date Begin university fund High 2014 Diversify increase investment portfolio High 2015 Buy larger home High 2017 Take European vacation Low 2014 Retire from jobs High 20+1 Increase unwersity fund contributions High 2016 Cost Estimate ?/year Varies $ 250,000 $10,000 Assignment: Prepare Your Summary of Financial Goal