Financial Lifecycle Flashcards
1
Q
Needs
A
Items we cannot do without in order to survive
2
Q
Wants
A
Items we would like to have but are not essential
3
Q
Childhood Age
A
0-12
4
Q
Teen/Young Adult Age
A
13-20
5
Q
Starting Career Age
A
20-30
6
Q
Setting Up A Home Age
A
25-35
7
Q
Growing Career and Family Age
A
30-65
8
Q
Retirement Age
A
65+
9
Q
Childhood Income
A
Pocket Money
10
Q
Childhood Expenditure
A
Minimal - Toys/Sweets
11
Q
Teen/Young Adult Income
A
Pocket money
Part time job
12
Q
Teen/Young Adult Expenditure
A
Clothes, Socialising
13
Q
Start Career Income
A
Wages
14
Q
Start Career Expenditure
A
Car, Rent
15
Q
Set Up A Home Income
A
Wages
16
Q
Setting Up A Home Expenditure
A
Household goods, utility bills
17
Q
Grow Career/Family Income
A
Child Benefit, Wages
18
Q
Grow Career/Family Expenditure
A
Children Education, Family Car
19
Q
Retirement Income
A
Pension
20
Q
Retirement Expenditure
A
Travel, Leisure
