Middle class people normally saves their entire life time income for its own retirement, healthcare, purchase and renovation of houses, marriages and providing best higher education to their children in India and abroad. Middle class people focus on saving, because that saving play virtuous role to overcome all future challenges of middle class families. To improve the financial soundness of middle class family government also announced various schemes and they are Pradhan Mantri Jan Dhan Yojana (PMJDY), Sukanya SmridhiYojana (SSY), Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), Pradhan Mantri Mudra Yojana (PMMY), and Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (ABPMJAY) etc. In the present study author focused on middle class families financial planning towards four major future challenges higher education in India and abroad, medical emergencies, marriages, purchase and renovation of houses.