Married with Kids
Children bring unparalleled happiness into your home, along with responsibilities. Preparing for the arrival of a newborn is an amazing experience in itself, such as setting up a baby room, buying a larger car to carry a pram, or moving to a larger house. Other plans address concerns about the longer-term, such as childcare and nursery fees.
As children grow surprisingly fast, you realise the need to save for their higher education or fund it through educational loans, or maybe buy their first car through a suitable auto loan. As they grow and fly out to build their own lives, you still would like to contribute to important events in their life, such as their wedding or help them secure their first house. Simultaneously, you would want to save for your retirement to make it a truly golden period in your life.