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:star: financial life cycle :star: - Coggle Diagram
:star: financial life cycle :star:
pre-retirement stage
approx. 40s and 50s
needs: mortgage/rent food water transport clothing
wants: pension contribitions savings socialising holidays entertainment car
sources of income: wage or salary jobseekers allowence child benefit loan
retirement stage
approx. 60s+
needs: household bills food water clothing
wants: savings socialising holidays entertainment car
sources of income: state pension private pension investments
development stage
approx. 30s
mortgage/rent, food, water, bills, transport, health, childcare
wants: socialising holidays entertainment car savings
sources of income: wage or salary jobseekers allowence child benefit loan
independent stage
approx. late teens to early 20s
mortgage/rent food water clothing bills transport health
wants: socialising holidays entertainment car
sources of income; nwage or salary jobseekers allowence loan
reliance stage
approx. 0 to early 20s
needs: accomodation food water clothing
wants: phone credit socialising
sources of income: pocket money cash gifts wages from part time job