Given today’s financial uncertainty how do I protect what I have and still enjoy the freedom to spend on fun and entertainment?
As 2008 unfolds we cannot escape the credit and mortgage problems and the economic fallout of a declining economy. So…fun is important especially in tough times. I strongly support your ‘enjoyment today’ approach and would extend that to your potential for enjoyment in the future. That’s also what you must protect. You cannot allow yourself to get caught in the downdraft of events you cannot control. The Sustainability Factor provides clarity of purpose to your spending that you will still be able to afford the lifestyle you want by examining the scale or proportion of what you want in relation to your ability to pay for it, in good times and bad. You must, however, consider the source of the money you spend. Borrowed money makes your lifestyle very vulnerable. The Affordability Factor helps you protect what you have today by cautioning your use of credit and debt, if that’s the source of your extra pleasure. Explain what goes into the Audited Access category. Audited Access identifies
