Life gets busy and we tend to let time move past without really analyzing where we are in life compared with where we want to be. It is when we take the time to step back and re-evaluate our position that we are able to determine our next step in accomplishing our overall goals. This applies to anything in life…employment, relationships, finances, hobbies, etc.
For the past twenty months since my husband passed away I spent time reducing some of my expenditures, rolling over investments without really paying attention to them, and learning to pay bills. I initially developed a budget but I did it without a clear understanding of my overall financial situation. I realized I wasn’t in the best of situations, yet allowed myself to float along for a while.
One to two months ago I started taking a harder look at my budget, my overall financial standing, and where I am compared with where I want to be at retirement. The process while a bit stressful was also very enlightening. I enlisted the assistance of a trusted friend in reviewing what I had to see if my thought process was on track and solicited suggestions. The realization was that I need to make some changes, and I need to make them faster than I originally thought in order to secure a better future for myself.
While parts of the decision making put pressure on me to accomplish some tasks faster than I originally anticipated, the completion of those things will put me in a better position both financially and mentally to move forward with my life. The decisions to make major changes in ones life are not easy, but they can also be enlightening. While there will be difficulties along the way, and some of my decisions will also impact others, once the dust settles down things should be better for me and others.
So what am I doing? I am going to downsize by sorting my belongings and accumulations of the past 36 years into keep and sell piles, and I am going to downsize out of my home and into something smaller and more manageable for me, both in upkeep and cost. I am changing financial advisors in the anticipation that my investments will provide me with better earnings for my retirement. I am going to forgo some of my activities and/or volunteer positions so that I have less commitments and more time to devote to things that I need or want to accomplish, such as the downsizing, running my photography business, and my writing.
Life is always evolving, always changing. If you have areas you believe need improvement or with which you are unhappy, take a hard look at things and make changes that will provide you with the lifestyle and overall happiness you deserve.