Comments on: 5 Steps to Plan for Major Life Events https://www.youngadultmoney.com/plan-for-major-life-events/ Make More. Save More. Live Better. Wed, 21 May 2014 12:06:16 +0000 hourly 1 https://wordpress.org/?v=6.6.2 By: VangileMakwakwa https://www.youngadultmoney.com/plan-for-major-life-events/#comment-15035 Wed, 21 May 2014 12:06:16 +0000 http://www.youngadultmoney.com/?p=14327#comment-15035 This is great advice. I would also add that in addition to an action plan you have a resource plan; people can be a resource that helps you reach your goals. I’m all about thinking of extra streams of income to help you reach your goals. Some goals, such as traveling, may not need as much money as we think if we have people that can help make them a reality by allowing us to sleep in their spare room or couch when we go traveling.

]]> By: blonde_finance https://www.youngadultmoney.com/plan-for-major-life-events/#comment-15033 Wed, 21 May 2014 10:17:29 +0000 http://www.youngadultmoney.com/?p=14327#comment-15033 Clarisse @ Make Money Your Way  It definitely makes sense to build the emergency fund first before you start on the bigger life projects.

]]> By: Clarisse @ Make Money Your Way https://www.youngadultmoney.com/plan-for-major-life-events/#comment-15032 Wed, 21 May 2014 05:19:55 +0000 http://www.youngadultmoney.com/?p=14327#comment-15032 We are still in the process of building our emergency and savings fund. I think after 5 years or more we would start to plan for our major life events.

]]> By: No Nonsense Landlord https://www.youngadultmoney.com/plan-for-major-life-events/#comment-15031 Tue, 20 May 2014 21:41:07 +0000 http://www.youngadultmoney.com/?p=14327#comment-15031 Having a plan for anything is key.  Start with small steps, and list out what is needed to be done.

I cannot imagine trying to save money for a home on my starting salary back in the day.  But initial savings that i did way back then has accumulated so that I could buy rental property.  And the rental property has contributed more to my revenue stream than my job.

]]> By: BudgetforMore https://www.youngadultmoney.com/plan-for-major-life-events/#comment-15028 Tue, 20 May 2014 15:13:14 +0000 http://www.youngadultmoney.com/?p=14327#comment-15028 We plan on starting a family in the next few years and my dream is to cut down to working part-time or starting my own business. We haven’t planned it out much. Right now our biggest priority is to get rid of our student loans.

]]> By: blonde_finance https://www.youngadultmoney.com/plan-for-major-life-events/#comment-15027 Tue, 20 May 2014 14:49:14 +0000 http://www.youngadultmoney.com/?p=14327#comment-15027 JourneytoSaving  I was just talking to a client about how student loan debt is preventing them from making larger plans. It is tough to balance both, but sometimes the best approach is preparing for both at the same time.

]]> By: deaconhayes https://www.youngadultmoney.com/plan-for-major-life-events/#comment-15026 Tue, 20 May 2014 14:17:50 +0000 http://www.youngadultmoney.com/?p=14327#comment-15026 When I decided that I wanted to start a business, we put together a plan to make that happen. We paid off all of our consumer debt, established an emergency fund of about 9 months of expenses, and when the time came, I felt comfortable to take the leap. Planning makes a HUGE difference when it comes to major life events, that is for sure.

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