Life changing event ahead

Life Events

By hailey.boisvert

  • Buying a Vehicle (15-25)

    Buying a Vehicle (15-25)
    Savings required
    Advanced planning: You have to think of the type of vehicle you want so you know the price and can begin saving.The time would differ depending on how expensive the car is.

  • Establishing a Savings Fund (15-25)

    Establishing a Savings Fund (15-25)
    Savings required
    Advanced planning is required if you are going to cautiously put money into the savings fund over an amount of time. It is always a good time to put money into a savings fund inc case of an emergency.

  • Receiving Higher Education (15-25)

    Receiving Higher Education (15-25)
    Savings required
    Advanced planning is required because you have to decide which college you are going to and if you will be receiving financial aid. It is good to start planning for college during sophomore year, if not sooner.

  • Retiring (65+)

    Retiring (65+)
    Retirement needs advanced planning. You have to make sure you will be set up for the future and be financially stable. You should start planning for retirement when you get into your 40's so you have time to plan
    Retirement is a savings option because you are saving for later on.

  • Building Net Worth (26-45)

    Building Net Worth (26-45)
    Advance planning is required so you can determine what is going to help you build your net worth.
    Building net worth takes time and is an investment.

  • Going on Vacation (46-65)

    Going on Vacation (46-65)
    Vacation take some advanced planning especially if it is an expensive one.
    Begin planning for it a year in advance and save so that is not stressful when the trip comes around.

  • Buying a Home (26-45)

    Buying a Home (26-45)
    Advanced planning is required, begin planning for a home early on so you can decide what you are looking for and save for it.
    You have to start saving because homes can be expensive.

  • Getting Married (26-45)

    Getting Married (26-45)
    Advanced planning is required for weddings because they cost a lot. Savings is necessary but getting married is also an investment because you and your partner will now be sharing everything. Plan for a wedding at least 2 years out.

  • Staring a Career (15-24)

    Staring a Career (15-24)
    By this time you should already have a career picked out.
    A career is an investment option but make sure it is something you will enjoy doing everyday.

  • Starting a Family (26-45)

    Starting a Family (26-45)
    Requires advanced planning
    Plan ahead several years to make sure you are financially stable to support others.
    Investment