Finance And Lifestyle – Are They Interlinked?

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 status symbol.

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 lifestyle.

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.

Check out the sites belkwo for more information Toronto Debt Consolidation 
Affordable Web Designs
http://www.sudden-twilight.org
http://www.kalinawebdesigns.com
About the Author

Toronto Debt Consolidation 
Affordable Web Designs
http://www.sudden-twilight.org
http://www.kalinawebdesigns.com

Written by: Brad J. Tamitnowson

Print Friendly, PDF & Email
Sending
User Review
0% (0 votes)

Related Posts

  • 91
    Money makes the world go round, as they say, and while the whole world is full of those crisp or wilted paper bills it seems that they like to slip right through our hands so quickly. People who know how to make a dollar or two with ease enter the…
  • 85
    Are you putting off your dreams until you have money? Well, each day that you put off your dreams, you lose a little bit of time for that dream. Have you made choices that although made everyone else happy, left you feeling empty and incomplete? Maybe you used your lack…
  • 85
    Finance. We hear that word thrown around quite a bit and used in phrases like in the world of high finance or financing options are available for those who qualify, but what does it really mean? It doesnt take an E.F. Hutton or J. Paul Getty to understand that the…
  • 84
    Home refinance seems to be the craze these days with interest rates at all time lows. However, you need to do some home refinance research before you will know if it is for you or not. In general, if you bought a home when interest rates were significantly higher, have…
  • 84
    In this age of information, keeping track of your finances does not mean an archaic jumble of ledgers, calculators, and papers filled with calculations in chicken scratch. Now everything can be taken care of on your computer through personal finance software. Personal Finance Software: Organize Your Finances Your finances are…
  • 83
    Unfortunately, those people who have poor credit ratings, even those who are trying to reform their ways, are rarely taken seriously when trying to conduct normal transactions. A bad credit rating can make it exceedingly difficult to get important financing, such as car loans, mortgages, and credit cards. Fortunately, a bad…
  • 82
    Are Your Finances Prepared For Divorce? Life is hard and nothing is more testing and straining than going through a divorce. A divorce can indeed be a stressful time without the added pressures on ones finances. Besides emotional erosion, a divorce is also known to be a costly event in…
  • 82
    All too often people make the mistake of thinking that they are capable of handling their own finances without any worries at all. However, in most cases people learn rather quickly they cannot handle their own finances without help or assistance from anyone else. However, with some simple tips and…
  • 82
    Confused by how to finance a small business? One key to a successful business start-up and expansion is your ability to obtain and secure appropriate financing. Raising capital is the most basic of all business activities. But as many new entrepreneurs quickly discover, raising capital may not be easy; in…
  • 82
    A Good Credit Report - The Key To Cheap Finance Is your credit report important? There are a lot of people who would not consider their credit rating as something too important to them in their life. There are others who, while recognising its importance, would not be overly concerned…
  • 81
    Do you ever wonder where your money goes every month? Does it sometimes seem as though you cannot afford to do things because your financial obligations are holding you back? If you find that you are asking yourself these sorts of questions, perhaps you should take a look at your…
  • 81
    Recent findings from the Educational Policy Institute indicated that the UK is the third most expensive place in the world to go to university. Combine this with figures from the Prudential, showing that a third of university students have considered abandoning their studies due to the financial strain they have…
  • 80
    These days when you step into a car showroom, there will be two major things that the dealer will be offering you. First he will be offering you cars, and secondly he will be offering you finance packages. This is how you should look at it. The fact of the…
  • 80
    Is a refinance mortgage the right thing for you? This is a difficult topic to figure out for the average person. There are several things to consider in order to make the decision about whether or not you should get a refinance mortgage. Here are some things that you should…
  • 80
    So you have decided to buy that long awaited new car, or perhaps for the less luxurious person, a second hand car. The budget is tight but you have done your calculations and know that it would be cheaper to buy the car than to constantly use public transport. Life…
  • 80
    After buying your own home, one of the most expensive purchases you will decide on is buying a car. Along with the car, car-related expenses, like fuel, maintenance and insurance, even accessories, can get a big chunk from your budget. Sure, you will be kicking a few tires but that…
  • 79
    Somewhere we had gotten the idea that the perfect home for us would be a steel frame, metal building. Unique, yes. Hard to finance, definitely. Fifteen lenders turned us down when we found an existing metal home to purchase. Many considered the property as unconventional. Some considered the home an…
  • 79
    Refinancing your car loan can help you save thousands of dollars and reduce your monthly payment. Below listed are simple tips to help you refinance your car. The lower payments and the thousands of dollars in savings will help bring balance back in your life. The first question you need…
  • 79
    Seek.UK launches a Finance forum! London (Seek UK) January 16, 2009 - Seek, one of UK's leading financial directories has launched its Finance forum http://forum.seek.uk.com  The Seek finance forum is a platform that gives netizens an opportunity to exchange ideas, thoughts and opinions on various matters related to finance. Whether you…
  • 79
    If you are looking for a mortgage refinance, it never hurts to shop around for the best rate and deal. Shopping around could mean the difference between paying or saving thousands of dollars in closing costs, and interest fees'. If time happens to be on your side, and you don't…

Share Your Thoughts

Make A comment

Subscribe By Email for Updates.
Copied!