Assess your goals: Once a year, think about your short-, medium- and long-term goals. Are each still relevant? How much does it cost? Are you on track to meet them? Some long-term goals, such as traveling in retirement, may not change substantially year to year. Short-term goals, such as paying off a credit card bill, and medium-term goals, including saving for a house, may change more frequently. You might decide to reevaluate those every three to six months.