What are some other examples of short term savings goals?

Anything that is expected to cost a significant sum of money (say, something like more than 6 months of your income) is something that you'd need to plan and save for.

So for example, renovations for a house, downpayment for a card, wedding banquet, getting a MBA, or a round the world trip.

This is especially so if you definitely need the money ready within the next 1-3 years, then you should definitely be saving and not investing it.

Wedding, house, kids, vacation, occasional big spending to pamper yourself, car, investment pot etc.