Understanding life events

AT THE END OF THIS LESSON, YOU WILL BE ABLE TO:

  1. Understand life events and the impact it has on your finances.
  2. Understand the different marriage regimes
  3. Set personal financial goals

Sophie realizes that she needs some help with her finances. She does not
know where to start and what needs to think about. Sophie knows that
her life is constantly changing, and she needs to keep track of all the
different needs. She decides to ask Themba to help her formulate a plan.

Themba tells Sophie about the important events that might happen over
the course of her life, depending on the life stage she is in, which she
needs to plan for. Examples of these are shown in the visuals below:

Using the visuals can you see how your needs change over time based on
the life stage you are in? What would you like to be prepared for?