Final answer:
Saving for short-term goals involves setting money aside for objectives that can be achieved in a short period, such as next month's mortgage payment.
Explanation:
Saving for a short-term goal involves setting aside money for objectives that can be achieved in a relatively short period, typically within one to three years. A good example of this is saving to pay next month's mortgage payment. It requires regular contributions towards a specific target that needs funding in the near future.
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