Setting savings goals: how to plan short & long-term saving

Описание: How do you set a savings goal—and how do you know how long it will take to reach it?

In this kid-friendly video, we explain how to set savings goals for the future, from small short-term goals to big long-term dreams like a car, a holiday or even a first home. Kids learn how to calculate saving timelines, where to keep their money, and why long-term investing can help savings grow faster.

Kids and teens will learn:

• What short-term, medium-term and long-term goals are
• Examples of goals you can save for at any age
• How to work out how long a goal will take to achieve
• Why saving consistently helps you reach goals faster
• Why savings accounts are useful for short and medium-term goals
• How investing can help long-term goals grow over many years
• Why long-term goals like retirement benefit from starting early
• How choosing where to save money affects how fast it grows

This Money Mission helps kids and teens understand how to set realistic savings goals and plan the best way to reach them.

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