Each decade of our lives is a milestone; and each milestone brings new perspective, a different focus, and varying needs. We trade our tricycles for bicycles; our bicycles for sports cars; our sports cars for minivans; our minivans for SUVs; and our SUVs for sensible four-door full-size sedans.
Just as our modes of transportation change through the years, so do our financial needs and focus.
This week’s blog post is hosted in connection with Festival of Frugality. We are featuring a collection of articles from blogs around the world dealing with these various stages of life. I trust you will find the articles both informative and interesting and that you will share this post with those you know who would find it of interest.
A good faith-based financial life plan is one based on using your God-given gifts to do purposeful and honorable work; then saving, giving, and investing according to your values – in companies you can be proud to own. Applying Biblical principles to each stage of life is the best way to create a faith-based financial life plan.
Youth – The Formative Years
Parents, you are your children’s primary teachers. Train them on solid financial principles. Teach them to work and earn money – and then guide them into being responsible with what they earn. Teaching them these three simple principles will serve them well throughout their lives: work – give – save.
John S presents How Much Things Cost According to a 6 Year Old posted at Frugal Rules
Wouldn’t it be the life if we could all buy houses that cost only $155 and had a car by age 12? Humor aside, children have little grasp of what things cost and how to save money which is further reason why we should be burdened to teach them so they can be financially literate as they get older.
Debt Guru presents Tips on Tuition Troubles – A Parent’s Guide posted at Debt Free Blog
These days, parents are bracing for their children’s college debt. Tuition troubles are tricky, but not impossible. Here are tips on how to solve them!
20’s and 30’s – The Foundational Years
These are years of decision: college, career, family, and buying your first house. How you live in these decades will affect the rest of your life. Apply wisdom in every area.
Lindy presents Careers away from Higher Education: Uni’s not for Everyone posted at Minting Nickels
For many of our youth and mature students alike, university isn’t the be all and end all when it comes to a successful future.
Hank presents 7 Steps For Financial Success To Build A Solid Future posted at Money Q&A
Achieving financial success is a great part of the American dream, but it’s not easy to do if you aren’t focused on the goal. Real financial security doesn’t come about by accident. These careful steps for financial success will help you build a solid financial future.
40’s and 50’s – The Flourishing Years
If the decades prior to these have been lived according to solid financial principles, these years will be rewarding. These are the years of higher income earnings, career progression, paying off mortgages, and seeing the cumulative results of early savings and investing. These can also be highly creative and fulfilling years in terms of personal development and purpose.
Maria presents Five things older people have and young people… posted at The Money Principle
Living in a culture glorifying youth, we start fearing aging, forgetting that older people have knowledge, wisdom, wealth, happiness and cheaper insurance.
Hadley presents Avoid these Common Investing Mistakes posted at Epic Finances
Even the great Warren Buffett has made one or two mistakes during the 40+ years that he has been investing. Here are several that you can avoid.
60’s and above – The Fulfilling Years
These are the years most people aspire to – the years they can enjoy the fruit of their labors and take life at a little slower pace. This is a time of reaping the harvest on wise investments and realizing the importance of the foundations laid early on in our careers.
Justin at Root of Good presents A Simple Way to Retire 15 Years Earlier posted at Root of Good
Justin at Root of Good illustrates the huge impact of lower spending and higher savings. By increasing savings from 10% of income to 30% of income, aspiring early retirees can knock 15 years off their retirement date.
Lily presents Top 5 Best Cities to live on $40,000.00 a Year posted at Paying Debt Down
Unfortunately, many people who are now entering into their retirement years have not saved nearly enough to retire at their current lifestyle.
If you find yourself at one of these stages but do not feel like you are on target, contact Jay Peroni TODAY for help in creating your Faith-Based Financial Life Plan. We can help you accurately assess where you are, where you need to be, and create a plan to help you get there. You may reach Jay by calling 866-594-9919 or via email to: firstname.lastname@example.org