18 key facts to consider when managing your money

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Did you know that parents spend more than £11,000 on children in their first year alone? Or that a wedding day costs about £7,500? Or how about the fact that two thirds of people in their 50s have never once topped up their pension?

Life is full of financial milestones. Our education, homes, children, holidays, pensions, leisure activities and cars all need to be paid for. The infographic on this page features a series of stats that look at the milestones we are likely to encounter at every stage of our adult life – from teens to retirement – with some eye-opening figures that should make you think about the importance of planning ahead.

If you know what’s to come, then you can do something about it. Whether that’s weighing up the cost of a loan (something you can do with this tool) or hunting out the best savings (get some tips here).

So, grab yourself a brew, and pick up some top tips about your ‘financial lifecycle’…