Which category describes goals that take slightly longer than short-term to achieve?

Intermediate financial goals refer to objectives that typically require a timeframe longer than the immediate goals, which are often achievable within a year. These goals usually have a time horizon that can range from one to five years, making them a critical component in financial planning. They can include saving for a down payment on a house, funding a child's education, or planning for a significant vacation.

The distinction between intermediate and long-term goals is important; long-term goals generally extend beyond five years and often involve larger financial commitments, such as retirement planning or developing wealth accumulation strategies. Immediate financial goals are those that can be achieved quickly and often focus on urgent needs or wants. Emergency financial goals, on the other hand, are not a category based on the timeframe for achieving financial goals, but rather focus on preparing for unforeseen expenses. Thus, intermediate financial goals accurately reflect the category that describes objectives taking slightly longer than short-term to achieve.