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Getting a Car
Soon I am going to start driving and I will need/want a car. I would probably try to get a used car, but hopefully a newer model so it has better safety features. The estimated price would be about 20,000-24,000 but with added cost of paying to keep it working and for gas I would need to continue saving. -
Period: to
College
Once I no longer am living with my family and have to cover my own expenses, but still dealing with college and jobs. I would need to have enough savings for life and school supplies. -
First real career
Let's say around now I get my first career and start earning a good amount of money. Possibly now I have added benefits from it like insurance. -
Buying an apartment
Ever since college I started saving for where to live because I knew I did not always want to live or could not always live in a dorm. From here I would decide to save towards buying a real home, for myself or for if I got married. -
Marriage+House buying
I had money set aside for if I ever decided to have a family/get married. These savings go towards the wedding and fund everything in regards to that, plus towards our honeymoon, and home and living expenses for some time after that point. Likely now I would choose to move to a bigger home so me and my husband would combine our finances and pay for this house. It probably is too much money for us to immediately pay off so we would get a loan. -
Children
Me and my husband decide we want kids so we start saving and preparing. We must be able to support ourselves when I cannot work because of maternity leave and with the added cost of caring for a child and hospital and doctor bills. We probably got health insurance when we got married, so that would help with the payments. We start saving for college for them. -
Retirement
Me and my Husband set aside money and meet with an advisor to plan for retirement and are able to retire. Now we finally are ready and we feel like we can step back from work, so I retire from my career. We have saved a little extra so we can take a trip to Paris, because I always wanted to go there. -
Death
We wrote our wills when we got married and then changed them as we had children. Our finances will be given to family members and our assets do their different new owners as we stated in our will.