Mr and Mrs Prakash's story: "We’ve always been careful savers since we got married and hope we’ve done a good job passing those habits on to our three children. I suppose we’ll find out next year when our oldest son starts university and the phone calls start saying he’s run out of money!
"We’ve got two elderly parents at home too. That’s why it’s important for us to make sure there’s enough in the kitty to keep us all going for the long term. We also travel abroad fairly regularly to see family, which can be expensive, especially if we all go together.
"Over the years we’ve pooled whatever’s left over into a combination of easy access, bonds, ISAs and investments. Right now we have around £50,000 in savings and another £200,000 in pensions. We like to keep up to date with what’s happening in the markets and use a financial advice service to review our investments at least twice a year."
Do you wonder whether your current planning will leave you with enough to achieve your goals? Our Investment calculator might help.