This can be both a short term goal or a long term goal. Either way, babies are expensive. Having a little nest egg so mom and dad can afford to stay home and spend some time with the new addition is comforting.
Saving up and paying cash for a famiy vacation just makes the getaway a little sweeter. By saving a little each month, your family will get to go on a debt free adventure.
As families grow, so do their automotive needs. Bigger family means more stuff and more space. Saving for a family car is a good short term financial goal.