The Financial Lifecycle Flashcards
1
Q
Childhood
A
Childhood (0-12 years): During childhood we live at home and our parents provide for us.
Income: Gifts, pocket money.
Expenditure: Sweets, Toys.
2
Q
Teen/Young Adult
A
Teen/Young Adult (13-20 years): During teenage years we still live at home and our parents provide for most of our needs.
After finishing school most people do further study (college/apprenticeship).
Income: Gifts, part time job.
Expenditure: Clothes, technology.
