Questions: Which of the following is a long-term goal? a. Saving for a vacation this summer b. Saving for a kitchen remodel c. Cutting 10% off next month's grocery bill d. Saving for retirement

The answer is D: saving for retirement.

Explanation for each option:

a. Saving for a vacation this summer - This is a short-term goal because it is planned for the near future, typically within a few months.

b. Saving for a kitchen remodel - This could be a medium-term goal, depending on the scope and cost of the remodel. It might take a few months to a couple of years to save enough money, but it is not typically considered a long-term goal.

c. Cutting 10% off next month's grocery bill - This is a short-term goal as it involves immediate changes to spending habits for the upcoming month.

d. Saving for retirement - This is a long-term goal because it involves planning and saving over many years, often decades, to ensure financial security in retirement.