Catholic Financial Life Blog

5 Steps to Successful Lifestyle Financial Planning

Posted by catholicfinanciallife

Jan 24, 2012 7:15:37 AM

What are your financial goals in life?  How does setting up a budget or financial plan help you reach those goals? This type of budgeting is called “Lifestyle Financial Planning.” It combines financial saving with your personal life goals, helping you find what makes you and your family happy. Let’s take a look at 5 simple steps to a successful lifestyle financial plan that can help you achieve your personal and financial goals.

5 Simple Steps:


  1. List your personal goals and plan what you will do to reach each goal.

  2. Watch and track your spending and savings habits.

  3. Budget your paycheck.

  4. Save for the future (i.e. having a child, childcare expenses, tuition, retirement, etc.).

  5. What makes you truly happy? Do you want to retire to a warmer climate? Be financially “free” before you retire? Develop a plan for reaching your goals and save for what will make you happy.


Read more about Lifestyle Planning from our Learning Center. Questions? Our advisors are here to help. Contact a Catholic Financial Life advisor to get the conversation started.

Topics: Financial Literacy, Family