Check out these personal finance tips 1370472576

Personal Finance Timeline

By ASAP Rajie

  • Sweet 16

    Sweet 16
    For a sweet 16 you would funding to pay for a present and attire, or for the party itself.
    Age - 16

  • Driving

    Driving
    When driving, you would need to save money for driving classes or a used car.
    Age - 16

  • Prom

    Prom
    For prom you would need to pay for your ticket, attire, and parties.
    Prom is an event where memories made can last a life time, it is important to properly prepare for the expenses that come with this event, that way there won't be any stress about finances during or after the event.
    Age - 17

  • Turning 18

    Turning 18
    When turning 18 you might need money for your birthday party, or any type of event you would want to attend to celebrate your birthday. Age - 18

  • First Car

    First Car
    The cost of a new car can range from $10,000 to millions. You must set aside money to pay for the car. The car chosen is $20,000, by saving 4,000 a year for five years, I am able to acheive this goal. By setting aside a percentage of my paycheck every month towards my car fund, this goal will be realistic.

  • College

    College
    Tuition and room & board for college can easily reach to the tens of thousands. Saving 18,000 a year for five years to reach my goal of $90,000 does not seem resonable at this age/income, therefore, I will have to take out a student loan.

  • Career

    Career
    This includes expenses such as legal work, transportation, and atiire for the new career.

  • First Apartment

    First Apartment
    In order to live in an apartment will need to pay a downpayment and your monthly rent

  • Marriage + Wedding

    Marriage + Wedding
    Marriage liscenses, weddings, and lawyer fees costs can add up to $27,000 on average, saving $2700 a year for ten years will allow me to acheive this goals in a reasonable way. Since I would have my first career and job at this point, saving the money would not be as difficult as it would previously.

  • Pregnancy + Children

    Pregnancy + Children
    During pregancy you might not be able to work, lowering your income. The average price of a pregancy, including delivery is $15,000. Saving an average of $1500 a year for 10 years will allow me to acheive this goal in a reasonable time without creating an impact on my lifestyle.