Different people and cultures believe different things for the answer to this question. The meaning of life as we perceive it is derived from philosophical and religious contemplation of, and scientific inquiries about existence, social ties, consciousness, and happiness.
A long-term financial plan should include these elements. Time Horizon. A plan should look at least  five to ten years into the future. Scope. A plan should consider all appropriated funds, but especially those funds that are used to account for the issues of top concern to elected officials and the community. Frequency.
While everyone should have emergency savings, how much you should save varies. A good starting point is at least six monthsâ worth of expenses â but in many circumstances, youâll want to save even more than that. Experts suggest your emergency savings amount should represent between nine months to one year of living expenses. Families with children or those who rely on self-employment income, commission income, or just one wage-earner should save at least one yearâs worth of income for emergencies.