this essay describes the short term goals in business

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Short Term Financial Goals
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People need to set up financial goals to achieve the step of becoming financially secure. When
one is not working for anything specifically, they can spend more money than they should have.
This leads to becoming short of cash when you require it to cater for unexpected bills and
retirement time. Without financial goals, one may find himself in a vicious cycle of debts, and
they may even feel as if they are not appropriately insured, leaving them more vulnerable than
they need to be to handle some life risks. Therefore, it is essential to have annual financial
planning, which gives them a chance to review their goals, update them, and review personals
progress.
Short term goals
The setting of these goals gives one a boost in confidence and knows how needed to attain the
larger goals, which takes more time. One of the goals that pam Jenkins need to set is establishing
a budget (Hopkins, Alves, Spengel and Martins, 2020). This will help him know what he is
doing. Earning minimal earnings, pam has a lot of expenses which she needs to cut. The living
expenses of pam are so high, which makes her have old items. A lot of cash is slithering through
her pockets as her liabilities are even higher than what he is earning. Therefore with a reasonable
budget, pam will save for the future and be more insured.
Pam also needs to focus more on her emergency fund as she can use it to pay unexpected
expenses. Once one has met his goal of an emergency fund, they can always want to expand it to
cater for larger financial difficulties, such as joblessness (Hubner, 2019). Now that pam has
achieved saving $530, she can extend her savings to $1000 to be financially secure. After
completing this goal, she needs to repay any credit card debts, if any, to prevent accumulating
extra interests, which may prevent her from achieving other financial goals.

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References
Hopkins, M., Alves, S., Spengel, D., & Martins, B. (2020). Personal Finance Goals Creation and
Progress Tracking Using A Payment Application.
Hubner, K. (2019). Diversifying clients’ assets to achieve their financial
goals. MoneyMarketing, 2019(Sep 2019), 23-23.