how do short-term financial goals differ from long-term financial goals?\nshort-term goals involve more…

Brief Explanations:

To determine the correct answer, we analyze each option:

• "Short - term goals involve more planning than long - term goals": Long - term goals (like retirement planning) usually need more extensive planning, so this is incorrect.
• "Short - term goals are more affordable than long - term goals": Affordability isn't determined by the time frame (e.g., a short - term goal like buying a car can be expensive, and a long - term goal like saving for a small vacation might be affordable), so this is wrong.
• "Short - term goals cost more than long - term goals in the long run": There's no inherent rule that short - term goals cost more over time. Long - term goals with compounding (like investing) or large - scale projects can have different cost dynamics, so this is incorrect.
• "Short - term goals are more immediate than long - term goals": By definition, short - term goals are meant to be achieved in a relatively short period (e.g., a few months to a year), while long - term goals are for the future (e.g., 5 + years), so this is correct.

Answer:

D. Short - term goals are more immediate than long - term goals.