What Geoff is doing is preparing and having a long term goal, since saving up for a car, it would take him a year to accomplish what he wants to do, he is doing something long term, and he can accomplish that if he keeps up with his saving plan and save enough to buy his car.
Saving money to buy a new car within a year is an example of a long-term goal, because it is a goal that takes a long time to accomplish and requires several stages in the process. It takes planning and strategy, and the results are not immediate.
