Life Goals

Life goals can be broadly classified in two categories.

  1. Short-term goal (within 5 years)
  2. Long-term goal (more than 5 years)

Some examples of short-term goals are family holiday abroad in 3 years, down payment for home loan in 5 years, renovation in 2 years and many more

Long term goals also known as non-negotiable goals are children’s higher education expenses, children’s marriage expenses and retirement corpus.