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Financial Life Cycle (Independent Stage (Independent stage is when people…
Financial Life Cycle
Independent Stage
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Needs water,food,shelter and clothes
Jobseekers Benefit, Wages/Salary, Child Benfit
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Wants designer clothing,gaming console and fine dining
DEPENDENT STAGE
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Pocket Money, Part-time Jobs, Chores and Cash Gifts
Needs food,water,shelter and education
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Wants toys,smartphone,gaming console and sweets
RETIREMENT STAGE
Wants bingo,holiday and fine dining
Needs food,water,shelter and clothes
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MATURITY STAGE
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Needs food,water,shelter and clothes
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Wants designer clothes,rolexes and fancy cars
GROWTH STAGE
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Needs food,water.shelter and clothes
Growth stage is when we have a family,a full time job and a house
Wants holiday,designer clothing and fine dining
Wages,Child Benefit and Pension
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