Life Stage
Your life stage will be key in determining the priority of financial goals/events that you need to plan for. For a young and single individual the most important need may be to buy his or her own house and save for higher education. Whereas for a married couple with children, saving an adequate amount for their children's education marriage etc. may be of higher priority. And for a person who has already retired, the primary need would be to live a comfortable life even after the regular income from profession/business has stopped.
| Here are a few examples of important goals: | |
|---|---|
| Single | House, Higher Education etc. |
| Newly Married | Car, Child's Birth etc. |
| Married with Kids | Children's education, Bigger House, etc. |
| Pre Retirement | Starting a Business, Family Vacation etc. |
| Retired | Regular Income, Philanthropy etc. |
