Which type of goals are generally set to be achieved in less than a year?

Short-term goals are typically defined as objectives that can be achieved within a year or less. They are focused on immediate outcomes and are often seen as stepping stones toward longer-term aspirations. These goals can range from saving a certain amount of money, completing a project, or making a specific purchase. The short timeframe makes them more attainable and allows individuals to experience quick wins that can boost motivation and confidence in their overall financial planning.

Intermediate-term goals, in contrast, are generally set for one to five years, serving a different purpose and timeline. Long-term goals extend beyond five years and require a more significant commitment, often involving substantial lifestyle changes or financial investments. Annual goals could refer to objectives intended to be completed within a calendar year, but they are broader and do not specifically convey the urgency and immediacy that short-term goals represent. Therefore, short-term goals encapsulate the essence of achieving objectives quickly, making them the correct answer in this context.