Wants, Need and Financial Goals of the Family
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Wants, Need and Financial Goals of the Family
- 1. Chapter 4 Wants, Need and Financial Goals of the Family
- 14. Financial Goals (cont.) Timing Frequency Type of purchase Needs Short-term Continuous Consumable Tangible Financial emergencies RM3,000 @ RM200 Emergencies โ each year RM3,000 Holiday tour RM500 House RM150,000 Holiday tour RM500 @ 100 Holiday tour โ 2 times a year RM500 Financial emergencies RM3,000 Car RM40,000 Car RM40,000 @RM300 Car โ 3 times RM40,000 Car RM40,000 Financial emergencies RM3,000 House RM150,000 @RM800 House โ once RM150,000 House RM150,000 Holiday tour RM500 Retirement RM400,000 @ RM300 Retirement โ once RM400,000 Retirement RM400,000 Long-term Once in a lifetime Durable Intangible