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ages 0-15
Between the ages of 0 and 15, you don't really need to be thinking about investments. You should be thinking about how they work and the importance of them. -
ages 15-30
During the ages of 15-30, you really need to need to consider how you plan to pay off student loans. I think these ages are the most important ages to create a budget. You'll be finishing up high school and/or college. It is important to know your next step after that portion of your schooling is over. -
ages 30-45
In the midst of these ages, one your main priorities should be paying off your student loans. The years of the ages are probably going to be very stressful. I believe there is more to pay off and pay for during these ages than most of the others. You have students loans, car payments, rent, and many other things you have to consider while setting up a sturdy lifestyle. -
ages 45-60
I think that these ages are probably going to be your prime investment time. You're in the middle of your career. Kids are moving out and you'll have extra money. You can save some of it because it's always good to have money saved for emergencies. You also can invest some of it. -
ages 60+
Around this age is most likely the time you don't want to make investments. You'll need to save your money for health insurance and unexpected hospital visits. You'll most likely have your mortgage and everything payed off by now, so it's just time to sit back.
