Life Stages

Question 1

Childhood

Answer 1

Financial Needs -
- Limited Needs
- Reliant on Parents
- Buy sweets/toys

Implications
- Reliant on Pocket money
- Encouraged to save

Question 2

Teenager

Answer 2

Financial Needs -
- Want to be more independent
- Slightly less reliant

Implications
- May look for a part-time job
- Slight reliance on pocket money
- More likely to receive cash as gifts.

Question 3

Young Adults

Answer 3

Financial Needs -
- University
- Independence
- House/car
- Start a family

Implications
- Student Loan if going to university
- Borrow money
- May be looking for a mortgage