-
Establishing a savings fund
This event could probably use some advance planning, for example, how much you're going to save and where you're going to put it. If some one is making a savings fund in order to save enough to buy something, or for college, the amount of time it should take depends on how expensive that thing is. This event would require a savings option. -
Buying a Vehicle
This event does require planning in advance, especially if you do not have any money to pay for it, then you should start saving right away. Buying a car would require an investment option. -
Receiving a higher education
Planning for college is a definite must. You have to save money, buy supplies, and prepare. You should start preparing for college maybe your Junior or Senior year of high school. This event would require an saving option. -
Starting a Career
Starting a career does require a little planning, for example, where you want to work and when you want to start. You should most likely start planning during college. This event would be an investment option. -
Buying a Home
Buying a house does have to have advanced planning. You should start in your later college years or right when you get out of college. This event requires an investment option. -
Getting Married
This event should have some planning, ususally it takes months or even years of planning. You should start when you get engaged. This event requires a savings option. -
Starting a Family
This should definitly have some advanced planning, especially when you are about to have a child. You should start planning for this when you are married and absolutely sure you want kids. This would require a savings option. -
Building Net Worth
This event should have some advanced planning, basically throughout your life but you should definitely start when you decide you are going to retire soon. This event would require an investment option. -
Retiring
Retiring requires advanced planning: you should decide when you think you have enough money. You should start saving when you receive when you get a career. This event would require a saving option. -
Going on Vacation
Going on vacation requires planning ahead like how much you should spend and when you should go. You should start planning either when you are about to retire or you already have. This event would require an investing option although it depends on how much you wish to spend.
