Financial Lifestyle

Question 1

Needs

Answer 1

Items that we cannot do without in order to survive (e.g. Food)

Question 2

Wants

Answer 2

Items we would like to have but are not essential to survive (e.g. Computer games)

Question 3

Financial Lifecycle

Answer 3

a series of stages which most people pass through during their life. Each stage has different financial goals, income and spending.