Ch 01: Assignment - Understanding the Financial Planning Process three broad categories of completion dates: from now Long-term goals, which identify wants and needs that are expected to be realized Short-term goals, which address more immediate needs and wants, such as those occurring within the next goals, which identify wants and needs that occur between the other two categories months Your financial goals and aspirations can be differentiated according to several criteria, including their target completion dates, potential effectiveness, importance, and estimated cost, among others. Identify whether each goal-writing practice will make the goal more or less effective. More Effective Less Effective Goal-Writing Practice Colt recognizes that goals, particularly long-term goals, may have to be revised to accommodate changes in desires and life circumstances. Chloe believes that goals, once established, should never be changed. David's financial goals are not consistent with his wants, needs, and financial resources. 000 0 0 0 Shiloh's goals include target completion dates and are prioritized according to their perceived importance