How to plan for a lifestyle change

My Money My Lifestyle

The covid pandemic saw many people reflect on their lives. Not only did we stand still for a moment to take stock, but it opened new possibilities, especially with remote working. As result some people made major lifestyle changes. In the second part of a series of conversations around life transitions, Maya (@mayaonmoney) speaks to financial planner Louis van der Merwe of WealthUp on how to approach significant changes to your lifestyle. Even when it’s a choice, transitions can be traumatic. It is important to be prepared and to understand the emotional process you will be undergoing.

Is this really what you want, or is it a short-term reaction to current circumstances? How do you manage your finances in this transition? Is your partner and your family on board? All choices and decisions have pros and cons.