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How to save for short-, medium-, and long-term goals

Staying motivated to save for an upcoming vacation with friends or a wedding may be easier than doing so for a far-off goal like retirement, since you’ll soon get to enjoy the fruits of your labor. But a key part of a strong financial plan is the ability to prioritize short-, medium and long-term goals and save for them simultaneously.

There’s no exact timeline for these goals, but you can generally think of short-term goals as ones that you’re hoping to meet in three years or less, mid-term goals as those you want to hit in three to five years, and long-term goals as ones that you’re hoping to see some to fruition in more than five years. Stashing money for all of those buckets consecutively can be challengi

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