Try Before You Buy: How to Test-Drive Big Life Transitions
- Scott Frank
- Mar 27
- 2 min read
Most of us think about big life changes as all-or-nothing decisions. Should I buy a house or keep renting? Retire or keep working? Move to a new city or stay put?
But what if you could try out these changes before making them a reality?
That’s the idea behind this episode of “Real Personal Finance.” We talk about how to “test drive” your future so you can feel more confident and ready when it’s time to make those big decisions.
Let’s say you’re renting for $3,000 a month, and you’re looking at buying a place that would cost you around $5,500 a month (once you add in the mortgage, taxes, insurance, and upkeep). That’s a big jump.
We suggest a simple trick: Start saving that extra $2,500 a month now. You’ll be doing two things at once:
Saving up more for your down payment
Seeing what it feels like to actually spend that much money each month
After a few months, you’ll know if that price point really works for your lifestyle—not just on paper.
Are you planning for retirement? A lot of people worry about whether they’ll have enough money when they stop working. But very few actually try living on their retirement budget beforehand. Here’s the idea: While you’re still working, start spending like you’re retired. Stick to the budget you expect to have when the paycheck stops. This gives you a chance to see if that lifestyle feels doable—or if you need to adjust a few things before taking the leap.
Maybe you’re dreaming of retiring by the beach or in the mountains. Before you pack your bags for good, try spending a few weeks or even a month in that place. Even better if it’s during a time of year that’s not vacation season. This “trial run” helps you get a real sense of what life there would be like: the weather, the community, the cost of living, and what you’ll do day to day.
The point is this: Even when your finances are in order, life transitions can still feel nerve-racking. Doing a little “pre-retirement test drive” can help you make those decisions confidently before the big day comes. And if it feels right? Great—you’ll go in with more confidence. If not? You’ve learned something valuable before making a huge commitment.
Connect with me!
Scott Frank on LinkedIn
Nick Covyeau on LinkedIn
Money can be confusing—but it doesn’t have to be. When you’re able to understand the complexities, you can make better decisions to improve your daily life. Are you ready to align your money with your ideal life? Connect with us at Stone Steps Financial or Swell Financial Partners.
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