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Establish a Savings Fund (15-25)
It does not require planning ahead but it does require a savings option. -
Buying a Vehicle (15-25)
Requires: savings
Advanced Planning: For at least 6 months depedning on the vehicle -
Receiving Higher Education (15-25)
Requires planning ahead for at least 2 years, and then the event can take up to 4 years to complete. Requires a savings option. -
Starting a Career (15-25)
This event does requiring planning ahead and should begin to be planned during college. It would be an investment option since they are investing in themselves and their future. -
Getting Married
Getting married does require advance planning for at least a couple of months. You should begin when you become enaged and this requires a savings option. -
Buying a Home
This event requires a savings option as well as planning ahead. They should begin saving for a house perhaps during college. They have to save up for several years. -
Starting a Family
Starting a family definetly requires planning ahead.It is especially important if you are about to have a child and should begin to be planned when you are married and wish to have kids. This requires a savings option. -
Building Net Worth
You should begin to build your networth throughout your life, but especially so when you are planning on retirement. Building net worth is more of an investment option. -
Retiring
Retirement is something that requires planning ahead and a savings option. If you are able to you should get a 401K to help you save up for retirement. You should start saving when you start a career and save throughout most of your life. -
Going on Vacation
This requires a savings option and you should plan ahead. You should begin saving up/planning for vacation when you are retired and have enough money to go right away. How much you'll need to save depends on where you would like to go.
