Personal Financial Timeline

By jessicaph98

  • Driving

    Driving
    Around $200 for a driving school
    Takes less than a year to save
    No annual pay is required
    Short-term plan

  • First Car

    First Car
    Ranges from $1500-$3000
    1-3 years to save
    Average cost of $9122 per year
    Recommended to take out a loan
    Medium-term plan

  • College

    College
    College can range from $10000-$35000 and it'll take you up to 10-15 years to save for it.The average cost for college is $31231 per year so it's important you're using the right methods to prepare. Long-term planning is used for this milestone and it is suggested that you take out loans, apply for scholarhships and save money for the college process. College is a huge milestone in your life and being financially prepared for it makes everything less stressful.

  • First apartment

    First apartment
    Around $200-$400 a month with expenses included
    2-5 years to save
    Average cost of $3000 per year
    Pursure taking out loans
    Medium-term plan

  • First child

    First child

  • Pregnancy/ Childbirth

    Pregnancy/ Childbirth

  • First House

    First House

  • Divorce

    Divorce

  • Retirement

    Retirement

  • Being sent to a nursing home

    Being sent to a nursing home