Summary of Lifestyle Planning
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Summary of Lifestyle Planning
As you progress through life, your goals may change, too. While it is impossible to accurately foresee all the things that will change in your life, you certainly can plan for those changes you expect to make.
Start by setting down those things that will truly make you happy. Then see what it takes to achieve happiness. Set your goals in writing and review them along the way. It’s okay to modify or change them. However, once you commit them to writing, you will be on your way to success.
Practical Ideas I Can Start with Today
- Make a budget that balances my cash inflows and expenses. Use this calculator to help set up an emergency fund.
- List my financial goals, the date I want to accomplish each goal, and the dollar amount of each goal.
- Determine how much money I can comfortably set aside to invest.
- Discuss long-term financial goals with my future spouse, e.g., having children, buying a house, and funding retirement. Use this calculator to help determine my spouse’s role.
- Investigate the tax breaks available to parents.
- Determine whether buying or renting is more advantageous. Use this calculator and this calculator.
What you have learned
- Lifestyle Planning
- Where to Start Your Lifestyle Plan
- Setting Up House
- Where Housing Fits into Your Lifestyle Plan
- Starting a Family