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Personal Financial Life Cycle (Dependant Stage (Sources of Income (Pocket…
Personal Financial Life Cycle
Dependant Stage
Sources of Income
Pocket Money and cash gift
Needs
Food and water
Age
0-20
Independent Stage
Sources Of Income
Part time Job and savings
Age
20-35
Needs
Food and Water
Growth Stage
Sources of Income
Wages and company car
Needs
Food and Water
Age
35-55
Maturity Stage
Source of Income
company phone and salary
Needs
Food and Water
Age
55-66
Retierment Stage
Sources of Income
private pension and state pension
Needs
Food and Water
Age
66 onwards
0-