So grab a soda or cup of coffee and have a seat. Taking a few minutes now to catch up on these very important topics will get you on the road to financial fitness. Life Change is a fact of life. It can be predicatble, like planning to have children and starting a family, or it can be unexpected, such as upheavals due to unemployment. Chage is also built into financial plans developed by individuals and families.
Households also go through changes that require financial plans to be modified.
At each change, unique financial tasks and common life events are experienced. For many, financial plans will follow a predictable pattern. You purchase a home and start a family in your 20s or 30s, send children to college in your 40s or 50s, and retire and focus on estate planning issues when you reach your 60s. As You Age Through financial planning, individuals and families can maximize their wealth through those changes of life. Young people save as they establish households and purchase durable goods.