Lifestyle Reality Check

Q.1. Why is a lifestyle reality check important?

If you are experiencing financial difficulties it may be because your lifestyle is not in keeping with your financial realities. As a result, you may be “living beyond your means” and need to review your cash flow and priorities in order to get your situation under control. A lifestyle reality check helps you to assess your decisions and clarify your needs and priorities.

Q.2. What is a lifestyle reality check?

A lifestyle reality check is a survey that you complete which helps you to identify the realities of the lifestyle you desire to live. In that way you can anticipate the costs of such a lifestyle and your ability to afford it.

Q.3. Where can I find one?

There are a number of checklists available on-line. Two examples are the lifestyle reality check from The City and the tools from iseek careers.