Why are short-term and long-term goals important when it comes to money? Give an example of each.

Answer to the following question is as follows;

Explanation:

The precision of planned statistics that relate to future activities is a benefit of short-term planning. Long-term planning may be less trustworthy due to the inaccuracy of longer-term projections.

Long-Term Financial Objectives For most people, the most important long-term financial objective is to save enough money to live comfortably.

Virtually all organisations, from small startups to huge established firms, require short-term money management. Even huge corporations with seemingly strong financial accounts have declared bankruptcy because they were unable to pay their existing obligations.

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