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Financial Life Cycle (Dependent Stage (Source of income (Pocket money),…
Financial Life Cycle
Dependent Stage
0-18 yrs
Source of income
Pocket money
Needs
Food
Independent Stage
20-35 yrs
Source of income
Par time job
Need
Shelter
Growth Stage
35-50 yrs
Needs
Water
Source of income
Salary
Maturity Stage
50-65 yrs
Needs
Light
source of income
Child benefit
Retirement Stage
65-80 yrs
Source of income
Private Pension
Needs
Warmth