Medium to long-term goals include money you are likely to need in five years' time or more. Rather than 'saving-up money' think of it as 'investing'.
This could be saving for a deposit for a house, paying your child's university fees or for long-term saving for a comfortable retirement.
To truly grow your money, you'll need to beat inflation as the effects of inflation can really eat away your savings in real terms. If you're looking to grow your money, you are unlikely to achieve it by saving in a bank or building society account at current interest rates.
Where might you invest?
To get the best chance of growing your money, you'll need to be willing to take some risk and to put your money away for a minimum of five years.
You have the choice of many investment products in the market where you can choose to put your money in such as stocks and shares ISAs, investment accounts and investment bonds. Once you and your adviser decide which product is right for you, you can start thinking about where to invest.
But, before you decide where to invest your money, it's important to think about how much risk you are willing to take and how much you can afford to lose.