Goal | Goal Type | Target Date | Action Plan Required |
Education | Short term | 2012 | Finance your fees partly from your parents’ funds and partly by taking loan. |
Two-wheeler | Medium term | 2015 | By 2013 it’s expected you would begin to earn money. So you can save RMB10,000 every year so in three years you can have enough funds to buy a vehicle. |
Vacation | Medium term | 2018 | Also keeping in mind this goal you can make suitable investments like equity and mutual funds to earn sufficient returns to fund the vacation for your parents provided you plan well in advance. |
Marriage | Long term | 2020 | Make investments in equities, debt and mutual funds which will give you sufficient returns to cover your expenses. |
House | Long term | 2022 | You can make investments in fixed deposits which will help you to lock away funds for this goal, however as this would not be enough you should look at other options as well, |