Savings goals are specific financial targets that individuals set to achieve their desired savings outcomes. These goals can vary widely, from short-term objectives like saving for a vacation to long-term aspirations such as buying a home or funding retirement. Establishing clear savings goals helps individuals stay focused and motivated in their financial planning. To effectively reach savings goals, it is important to create a budget and track expenses. This allows individuals to allocate a portion of their income towards their goals consistently. Tools like savings accounts or budgeting apps can assist in monitoring progress and ensuring that savings efforts remain on track.