Answer:
College Education
Medical Emergencies
Explanation:
Education is the best legacy and possession of an individual. It is important for an individual to save towards acquiring college education. Parents also save for their children college education in case of sudden death or situations beyond their control. This will enable the children acquire education irrespective of what might have happened to the parent.
It is also important to save for medical emergencies. No one knows when they will fall ill, so we need to make plans for unforseen illness.
Sometimes, people get involved in accident that isn't planned for and it important to receive medical treatment as soon as possible.
So, people save for long term needs like college education and medical emergencies.