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Buying a vehicle
Age: 15-25
Savings: This does require savings
Planning: You must plan this purchase out -
Establishing a savings fund
Age: 15-25
Savings:This is a savings fund and people should open it as soon as possible.
Planning: This requires planning on how much to put away. -
Receiving a higher education
Age: 15-25
Saving: People must save money to receive and pay for a higher education.
Planning: This requires planning. You need to know what field you want to study and where you wan to receive this education. -
Starting a career
Age: 15-25
Saving: You need to have money saved to start a career and move forward in your life.
Planning: It requires a lot of planning to decide what career to start and pursue. -
Building Net worth
Age: 15-25
Saving: You must save to build your net worth and begin your life as an adult
Planning: This must be thought out and planned carefully. -
Getting Married
Age: 26-45
saving: You need to save when you get married so you can begin your life.
planning: Getting married takes a lot of planning -
Buying a home
Age: 26-45
Saving: You need to have money saved before thinking about buying a house
planning: Every detail must be planned out for this step to work in your favor -
starting a family
Age: 26-45
Saving: To have all of the necessities to start a family, you need to have money saved.
Planning: You should plan out when your going to start a family and make sure that everything will work out ahead of time. -
Going on vacation
Age: 46-65
Savings: You must be financially stable and have money saved up if you want to go on a vacation.
Planning: Since you have children, your vacation must be planned and thought out. -
Retiring
Age: 65+
Saving: You need to have your finances established and everything else met before you retire. Everything needs to be in order and your money needs to be saved.
Planning: To retire, you must have everything planned out and taken care of.
