Higher medical expenses for your aging parents.
High blood pressure, cholesterol and diabetes medication add up over time. And touch wood - but what if something really happens? Do you have spare savings to tide through a rainy day?
Rising education costs for your children.
If you want your child to get ahead in school, tuition is something most parents are enrolling their children for. And what about CCAs and extra classes? Further down the line, what about higher education?
Catching up with your peers.
Maybe your friends have upgraded to a new condo or bought a new car…and you feel the pressure to catch up with them. Or maybe your relatives keep comparing you to that cousin who’s a doctor, lawyer or banker.