Answer: You should make a savings plan for all of your major expenses, such as retirement, education, and homeownership.

You should also make a savings plan for unexpected expenses, such as medical bills or car repairs.

Having a savings plan can help you to reach your financial goals and to avoid going into debt.

Here are some specific examples of expenses that you should make a savings plan for:

• Retirement
• Education
• Homeownership
• Emergency fund
• Major purchases (car, furniture, etc.)
• Vacations
• Medical bills
• Unemployment