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Stay motivated by setting shortterm financial goals from "summary" of Broke Millennial by Erin Lowry
When you're staring down a mountain of debt or feeling overwhelmed by the prospect of saving for a big financial goal, it can be easy to lose motivation. That's why setting short-term financial goals is crucial. These smaller milestones can help you stay focused and motivated as you work towards larger objectives. Short-term goals allow you to celebrate small wins along the way, breaking up a daunting task into more manageable pieces. For example, if your long-term goal is to save $10,000 for a down payment on a house, setting a short-term goal of saving $1,000 in three months can make the larger goal feel more achievable. In addition to providing motivation, short-term goals also help you track your progress. By setting specific targets with deadlines, you can measure how well you...
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