Although the majority of people do not plan their financial goals, it is wise to plan this. There are short-term (less than 1 year) goals, medium-term (1-5 years) goals, and long-term (more than 5 years) goals. For those who do plan, they are much better off. But it does take time to schedule these goals and revisiting them often (annually) is a good idea and can help to make the plan more realistic, especially if income changes.