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Financial life cycle (Dependent Stage (Age 0-20) :children_crossing:…
Financial life cycle
Dependent Stage (Age 0-20) :children_crossing:
Needs
Food🍜
Water🥛
Shelter😊
Wants
New phone📱
Designer clothes🧥
When you depend on other to survive
Growth stage (Age 35-55) :house:
Needs
Warmth🥵
Shelter🏘
Wants
Family👶
New kitchen / garden🏞
This is where we would start to want a family and have a full-time job
Maturity stage :couple:
Needs
Housing🏘
Water🥛
Wants
New house🥳
Nice car🚗
This is where we are at the peak of our career
Retirement stage 🐵
Needs
Warmth🥵
Food🍗
Shelter🏡
Wants
Bingo🤑
Vegetable garden🥕
Peace👨
This is at the end of our career and we begin to relax and get to do the things we like👌
Independent Stage(Age 20-35) :phone:
Needs
Shelter🚞
Food🌭
Wants
Car🚘
Their own house🏙
When you begin to rely on yourself