A _________ financial goal takes up to two years to reach.

A short-term financial goal typically refers to objectives that can be achieved within a timeframe of up to two years. This category of goals often includes saving for emergencies, paying off small debts, or funding a vacation. Setting short-term financial goals is crucial because they provide a framework that helps individuals focus on immediate financial needs and gives a sense of accomplishment as each goal is met.

While medium-term goals may also be important, they usually extend over a period ranging from two to five years, which distinguishes them from short-term objectives. Long-term goals generally take longer than five years to achieve, often involving larger financial aspirations such as retirement savings, buying a home, or funding a child's education. The term "five-level" is not a recognized categorization in financial goal setting, further validating that the correct choice is indeed short-term.