Life is eventful and most people encounter some costly milestones on their journey, so it pays to plan and save.
A bond or departure
Tying the knot, climbing onto the property ladder or upscaling the family home are big ticket items but without forward-planning it could be difficult to realise that big day or the loving home you’ve always dreamed of.
It’s not always an option to rely on the bank of mum and dad, so the guidance of a financial advisor could be a big help when it comes to figuring out what needs to be squirreled away.
A career venture such as setting up your own company or launching a new product to market is also a huge milestone that needs careful planning and often a cash injection. Investment into a viable business needs time, financial support and contingency while things get off the ground.
Equally, a divorce or buying out a partner from a property or a business could be costly and may not be an event you know is coming.