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