taking stock
Life Stages and Changes
Our financial needs and desires change as we go through life. Leaving home for the first time, we often worry about how to afford college or find the right job. Before long we may face economic challenges raising and supporting our families. In later years, paying for retirement is a major concern. What type of money strategy works best no matter which phase of life you’re in?
- One that curbs how much you spend each month
- One that allows you to obtain everything you want
- One that adjusts to fit your lifestyle
“B” is correct. Money can’t buy happiness, but the amount we have and how we use it affect every aspect of our lives. Your money strategy needs to be flexible enough to change as you do, but to be effective, it also must be grounded in reality. The principles we’re about to cover will give you a structure for achieving both these goals.