At what stage should personal financial goals be updated?

Updating personal financial goals is essential whenever there are life changes that significantly impact an individual or family's life cycle. This is because life events such as marriage, having children, buying a home, job changes, or significant health issues can alter financial priorities and strategies. As circumstances evolve, so do financial needs and goals. For example, a young professional might focus on saving for a first home, while a new parent may prioritize college savings for their children. By regularly reassessing and adjusting financial goals in response to these changes, individuals can better align their financial strategies with their current rights and responsibilities, ultimately improving their financial well-being.