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Short vs long goals

QuestionAnswer
What goal takes less than 12 months to reach? short term goal
What goal takes will take more than 12 months to reach? long term goal
How do you find the amount to save each month for a short term goal? Divide the amount by the number of months
How do you find the amount to save each month for a long term goal? Multiply years by 12 to get months; then divide amount by the number of months
A PS4 cost $250. I want to purchase the PS4 in 5 months. How much do I save each month? $50
A trip to Hawaii cost $3000. I want to go to Hawaii in 2 years. How much do I save each month? $125
A XBOX ONE costs $300. I want to purchase a XBOX ONE in 8 months. How much do I save each month? $37.50
A trip to Japan cost $6000. I want to go to Japan in 5 years. How much do I save each month? $100
Created by: mrscbrown
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