Mid-term savings have a time horizon of a few years and are larger in scope than short-term savings. Examples of mid-term savings might be a car replacement fund or a down payment on a house. This money may be conservatively invested or kept in cash-equivalents depending on the timeline and the risk tolerance of the investor.
Join Our Phinancially Distinct Community
Receive 1-2 emails per week to help you take the next step with your finances.
