Four Major Financial Decisions that May Affect Contentment
In this article, Ronald Blue Trust provides four major financial decisions to consider that may influence your contentment levels relating to your financial lives.
We are constantly bombarded with an unending assortment of things we are made to feel we can't live without. We want to live like mom and mad when we are only a few years into our marriages, and we also want to “keep up with the Joneses.” Of course, these desires do not only apply to young couples starting out.
Indeed, some people moved into their dream houses after their children were 8 to 12 years old only to find that the additional debt they incurred added a significant degree of financial stress.
We have defined lifestyle by how we look, where we live, and what we drive. The problem is then compounded in that we typically use debt to fund our lifestyles.
The remedy, of course, is to reduce one's lifestyle, but this can be incredibly difficult to do. Each of us faces important financial decisions involving our housing, cars, lifestyle, and investments. As we analyze the impact of these decisions on our ability to be content, some action steps become apparent.
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