Thursday, May 13, 2021

Life Planning: Typical life milestones by age and stage in life.

As people pass through different life stages, certain life milestones are achieved at each phase. To help guide your ambitions in creating a well-rounded life plan for yourself or family, below you will find a list of usual milestones achieved by age.

 

Disclaimer: This should not put any undue pressure on individuals, yet serve as a flexible guide taking in consideration differences in individuals and life circumstances. 

 

 

Stage

Psychosocial Crisis/Task

Approximate Age for Life Milestone

Infancy(Birth-18mo.)

Trust vs. Mistrust

Birth: Parents can open a college saving account (529) to put in ~25$/week.

18 mo.: Start potty training

Early childhood (2-3 years)

Autonomy vs. Shame

2: Introduce a new language, can start dressing themselves.

3: Can recite the alphabet, and count to 10. 

Preschool (4-5 years): Kindergarten

Initiate vs. Guilt

4: Can write the alphabet

5. Start Kindergarten. Start age appropriate chores, and developing organizational skills. Have a piggy bank with small allowance (25 cents per age/week). Can do addition. 

School Age(6-13 years):  1st grade to 8th

 Industry vs. Inferiorly

6. Learn an instrument, or how to sing. Can sound out, or decode unfamiliar words when reading. 

8. Start playing a sport, and learn importance of an exercise routine. Develop a hygiene/sleep routine. Can do multiplication and division. Get a library card. Start learning to touch-type on family laptop.  

10. Parents can open a custodial mutual fund investing count. Start giving on commission (based on chores), rather than allowance to teach that money is earned. Encourage them to save 1000$ for emergencies. Teach the difference between needing/wanting things. Consider discussing entrepreneurial ventures, desired lifestyle and dreams for their future. Start doing laundry, stove top meals, and learn importance of good nutrition. Have an emotional/mental health check in. 

13. Learn to safely use tools (drill, ladder, saw, pliers, hammer, mow the lawn)

Adolescence (14-18 years): 9th grade to 12th grade

Identity vs. Confusion 

14. Get a phone (to text, and call). Have the birds and the bees talk, with girls experiencing their first period and boys armpit/mustache hair. 

15. Get a driving permit, laptop (with parental control). Have an emotional/mental health check in. Take a personality test. Think about possible career options, and possibly start taking college courses.

16. Get a driving license. Know how to check tire pressure, inflate tires, change a tire, jump start a dead battery, replace windshield wipers, know when car needs an oil change, respond to check engine light.

Create a resume/cover letter, apply for a job, get a letter of recommendation. Learn how to file their own taxes, open joint checking account with adult. Consider paying into the family income (20$/wk). Start a budget.

Go to the department store and educate on choosing properly fitted clothes.

Buy quality leather purse/heels for girls. Educate on how to choose bra size, and how to apply makeup to enhance looks.  

Buy quality leather wallet/loafers for boys. 

17. Have the dating/courting conversation. Open IRA account. Get a passport. Take baptism/confirmation. Set money aside to donate to church. Take part in church youth/choir, and volunteer opportunities. 

18. Considered an adult, and can thus register to vote. Get your own car (Have at least 5,000$ saved); Open-up a checking/savings account. Open a Credit Card. Open a business (online/home-based). Start College

Young Adulthood (19-25 years): College

Intimacy vs Isolation

Marriage: Have at least ~30,000$ saved for wedding expenses.

Save: 3-6 months of expenses as an Emergency fund. Learn about interior designing/homemaking. Evaluate/create efficient organizational home systems

20: Reevaluate your dreams, interests and passions. Take time to become aware of your values. If you haven’t started already, have an emotional/mental health check in every 5 years at minimum.

21: Book a trip out of the country. Start saving for retirement

Adulthood (26-40 years)

28: Buy your first home (Have at least 30,000$ saved). Have first child. 

30: Consider a hair care routine for graying hair.

35: Consider starting a business if you have not already. Consider moving into a better house, or buying a rental property.  Go on vacations at least ~2x/year.

Middle Adulthood (40-65 years)

Generativity vs stagnation

40: If you haven’t started already, start getting cholesterol, vision and hearing screenings every ~5 years. In addition, check your blood pressure every ~2 years, and get a pap smear. 

45: Prepare for menopause, continue exercise routine. 

50: Consider getting a mammogram, and colonoscopy

55: Reevaluate retirement plans/goals. 

Maturity (65+ years)

Integrity vs despair

65: Apply for Medicare, and retire.




What other life milestones would you add to the list? 

 

 

Photo source: lifeandmoneyireland.ie

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