Finance And Lifestyle – Are They Interlinked?
When it comes to lifestyle, many debates spark up. Many
people have their own idea of what lifestyle really is.
But it is clear that finance and lifestyle need to
co-exist in some form.
In order for you to afford a certain lifestyle,
you need to be in the right financial standing. If your
lifestyle consists of buying the latest fashion, then it
is clear that you have or should have a certain amount of
money. If you don’t have enough money to maintain this
lifestyle, then you need to stop spending the money.
If you have a vision of what your ideal
lifestyle should be, then it is time you made
your finances fit that reality. No amount of dreaming
will make things come true. There has to be some form of
practicality also, as money can go and debt can rise.
Do not assume that a certain lifestyle is adequate for you
just because the magazines tell you so. The first
thing to do is to take a look at your finances and
see if they will be able to support the lifestyle depicted
by the magazine or your friends.
The common mistake that most people make is that they think
they have more money than they actually have. So they
spend more on their ideal lifestyle just because it is a
The philosophy is this: if they see that I am wearing
so and so or driving such and such a car, then they will not
see that my finances are in the red. Finance is the first
thing you need to consider when you opt for a certain
You will only look silly if your financial situation
deteriorates so badly that your house gets repossessed and
you have to file for bankruptcy. Live within your means
and your finance and lifestyle will be able to take care
of each other.