Can You Really Afford These Things In Your Life?

A lot of the time, people cannot just go around buying whatever they want, whenever they want. You need to sit down and have a long, hard think about whether or not you can actually afford to pay for certain things. It might be the case that you feel like you need something that you are going to talk about, and that may be true, which makes it a priority over everything else.

You can afford a priority by making way through the less important things, and that is something that you should keep in mind. In this article, we’re going to be looking at some of the things that you need to ask yourself whether you can really afford to have in your life.

Keep reading if you would like to find out more.

A New House

The first thing that we are going to look at is a new house.

There are a number of reasons that someone might want a new house. There might not be enough space in the old one which definitely makes this a priority over a lot of the other things you want to purchase. Or, you may have been offered a job in a different location and now need to move somewhere else.

But, buying a new house is extremely expensive, and there are a lot of considerations.

First, are you going to be renting or purchasing? If you’re renting, then you only need to worry about whether you are going to be able to afford to pay the rent every month. If you’re buying though, you need to work out how much a deposit is going to cost you and what the mortgage repayments are going to be like.

Once you have all the information, then you can make a decision but we highly recommend you don’t do this until then. Having all the facts is the only way that you are going to be able to make a rational decision.

A New Car

Another thing that you might be thinking about is a new car.

Just because you want it to be new to you, doesn’t mean that it has to be new altogether. There is nothing wrong with a second-hand car if it gets you from point A to B and you like it. But, you don’t have to buy second hand if you don’t want to, you just need to be careful about the finances.

You are going to need to come up with the money for the deposit, and then work out which leasing option works out best for you.

Once you have, you can use something like the monthly car payment calculator to determine what you should expect to be paying for the next couple of years. This should give you an idea as to whether or not it is affordable before you go signing any kind of contract.


A lot of people are always looking for ways to make more money, and if you are one of them, then you may have started looking into investing. Investing can reap some fantastic rewards when done right and your luck is in the right direction.

However, when things start to go wrong, this is when other things start to get ugly.

You have to keep in mind that there is always a risk with investing, no matter what you invest in. It is important that you are never investing money that you are not willing to lose, because it is a very real possibility that this could end up being the case.

You need to think about what money you are investing also. You should not invest money you do not have, or that has been allocated to something else in your budget. It’s true to say that the only way to make money is to spend money, but you should make sure that you are only ever using spare money.

The Little Luxuries

There are always going to be things in life that we want, and we’re not going to be able to deny ourselves forever.

However, that doesn’t mean that you have to buy everything that we see that we like because this is not reasonable. It also doesn’t mean that you can’t get those little luxuries every now and then though, you’ve just got to think about it before you do so.

There may be something that you have wanted for a while, but you haven’t been able to afford. Save up for it, and then go and make the purchase. This way, you still have enough money in your life for the things that make you happy, but you don’t have to live beyond your means in order to get them.


Finally, it is always good to have a rainy day fund.

This is something that you use when you need to pay for something that you hadn’t expected such as a new bill or a repair if something breaks. Other than that, you might just want to have some money tucked away for something else entirely. But, can you really afford to have savings?

If you are living a certain way, then savings should always come second when improving the situation you’re in is clearly the best thing to take care of. 

Not everyone has enough money to set aside a certain amount per month for any reason. If you’re one of these people, don’t feel sad, because even those little pennies that you’ve got right there are going to be a huge help.

We hope that you have found this article helpful, and now see whether you can really afford these things in your life. Or, at the very least, you now know how to work out whether they are something that you can afford. Sometimes you’re just going to have to take a step back from things and figure out whether they are really worth all the stock you are putting into them.

Good luck figuring things out!

Jeff Campbell

Jeff Campbell is a father, martial artist, budget-master, Disney-addict, musician, and recovering foodie having spent over 2 decades as a leader for Whole Foods Market. Click to learn more about me

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