What Are Financial Goals? Your financial goals are the specific monetary amounts you are committed to obtaining that will allow you to realize your vision for your life. As with any goal, financial goals should be aligned with your long-term plans, whether these plans include putting children through school, maintaining a particular retirement lifestyle or paying off and staying out of debt.…
Loan A sum of money borrowed from banks or other financial institutions Written by CFI Team Updated March 14, 2023 What is a Loan? A loan is a sum of money that one or more individuals or companies borrow from banks or other financial institutions so as to financially manage planned or unplanned events. In doing so, the borrower incurs a debt, which…