You are developing a savings plan and using short-, medium-, and long-term goals to motivate you. Which represents possible goals from short-term to long-term? Save for…

Question

Responses

Retirement, a house down payment, college tuition
Retirement, a house down payment, college tuition

A new cell phone, college tuition, a house down payment
A new cell phone, college tuition, a house down payment

A new cell phone, dinner with friends this weekend, a new bike
A new cell phone, dinner with friends this weekend, a new bike

Retirement, college tuition, a vacation

Answer 1

The possible goals from short-term to long-term are best represented by:

A new cell phone, college tuition, a house down payment.

This selection provides a clear progression from a short-term goal (a new cell phone) to a medium-term goal (college tuition), and finally to a long-term goal (a house down payment).