{"id":1754,"date":"2025-08-27T22:20:12","date_gmt":"2025-08-27T20:20:12","guid":{"rendered":"https:\/\/fpna.pl\/cr\/finances-at-a-new-address\/ls\/exercise-setting-financial-goals\/"},"modified":"2025-09-02T22:45:38","modified_gmt":"2025-09-02T20:45:38","slug":"exercise-setting-financial-goals","status":"publish","type":"lesson","link":"https:\/\/fpna.pl\/en\/cr\/finances-at-a-new-address\/ls\/exercise-setting-financial-goals\/","title":{"rendered":"Exercise: Setting financial goals"},"content":{"rendered":"\n
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Exercise: Setting financial goals<\/strong><\/h1>\n<\/div><\/div>\n\n
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Short-term financial goals<\/strong><\/h2>\n<\/div>\n\n\n\n

Short-term goals should be set in months and should take up to one year to achieve. Short-term goals provide immediate feedback and satisfaction. <\/p>\n\n\n\n

Write two short-term financial goals that you can achieve over the next 12 months.<\/strong><\/p>\n<\/div>\n<\/div>\n<\/div>\n\n

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Example<\/h2>\n<\/div>\n\n\n\n

Here are examples of short-term financial goals: <\/p>\n\n\n\n

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  • I will open a savings account and deposit \u00a3500 every month until June 2026.<\/li>\n\n\n\n
  • I will deposit \u00a3300 into my new savings account from each paycheck, starting the following month for 12 months.<\/li>\n<\/ul>\n<\/div>\n\n
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    Medium-term financial goals<\/strong><\/h2>\n<\/div>\n\n\n\n

    Medium-term goals should usually be achievable within 1 to 2 years. They require planning and consideration in the household budget. <\/p>\n\n\n\n

    Write two medium-term financial goals that you can achieve in 1 to 2 years.<\/strong><\/p>\n<\/div>\n<\/div>\n<\/div>\n\n

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    Example<\/h2>\n<\/div>\n\n\n\n

    Here are examples of medium-term financial goals: <\/p>\n\n\n\n

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    • By the end of October 2026, I will have accumulated \u00a35,000 in my targeted savings account.<\/li>\n\n\n\n
    • In autumn 2026, I will carry out a kitchen refurbishment from the \u00a312,000 set aside.<\/li>\n<\/ul>\n<\/div>\n\n
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      Long-term financial goals<\/strong><\/h2>\n<\/div>\n\n\n\n

      Long-term financial goals can take years to achieve. These include saving money to buy a home, a child’s education or retirement. They can also include paying off a car loan, a consolidation loan. <\/p>\n\n\n\n

      Write down two long-term financial goals that you want to realize, their realization should take between 2 and 5 years.<\/strong><\/p>\n<\/div>\n<\/div>\n<\/div>\n\n

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      Example<\/h2>\n<\/div>\n\n\n\n

      The following are examples of long-term goals: <\/p>\n\n\n\n

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      • In three<\/em> years from today….(insert date), I will have set aside 12<\/em>0 000 for an own contribution towards the purchase of a flat for investment purposes. <\/li>\n\n\n\n
      • In 24 months from today, I will purchase a plot of land for the construction of a holiday home for rent with cash (PLN 120 thou.).<\/li>\n<\/ul>\n<\/div>\n","protected":false},"comment_status":"open","ping_status":"closed","template":"","class_list":["post-1754","lesson","type-lesson","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/fpna.pl\/en\/wp-json\/wp\/v2\/lesson\/1754","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/fpna.pl\/en\/wp-json\/wp\/v2\/lesson"}],"about":[{"href":"https:\/\/fpna.pl\/en\/wp-json\/wp\/v2\/types\/lesson"}],"replies":[{"embeddable":true,"href":"https:\/\/fpna.pl\/en\/wp-json\/wp\/v2\/comments?post=1754"}],"wp:attachment":[{"href":"https:\/\/fpna.pl\/en\/wp-json\/wp\/v2\/media?parent=1754"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}