Needs and financial goals for every individual are unique and different in their own way. A person living alone has different financial needs and another person living with a family of four will have different needs, and there are chances where both the individuals would be earning the same amount of income.
Financial needs are dependent on the income bracket. When the income level is too low, managing every penny is very important. People in the middle income bracket, will build assets. These people should talk to, there lenders and reduce the interest rates if necessary, at the same time they should start saving for future and also make retirement plans. Next, we have higher income bracket people who are trying to maximize their retirement savings. We need to focus on the goals that are important and plan life accordingly.