Life Decisions Center
Welcome to the hub for making life decisions!
Living a life where you can look back and say, “that was worth it,” will take money. Making good life decisions also requires the right money mindset.
In the Life Decisions Center we share our decision making process, help create a healthy money mindset, and then tackle those big life decisions. We share the good, the bad, and the ugly so you can avoid the pitfalls.
Here is where we’ll light your fire to find your next project and not let money get in the way.
And if you really want to go all-in, you can binge all life decision articles here.
Table of Contents
- Life Decisions Center
- Healthy money mindset
- Money and relationships
- Buying a home
- Saving for college
- Babies and other life decisions
- Favorite resources for life decisions
- Personal Capital
- Ladder Life Insurance
- Want to go deeper on life decision articles?
- How to Make Good Decisions Faster
- Creating a Life That’s Worth It
- Episode 14 How to actually do the things you want to do
- Episode 13: How we make big decisions
- Episode 8: How to launch a lifestyle experiment
- How We De-Risk Big, Scary Moves
- Our 10 Item Minimalist Baby List
- How Much Does a Baby Cost in the First Year?
- Episode 3: Curing a case of the somedays
Healthy money mindset
In the past twelve months, we’ve made a lot of decisions. We’ve decided that:
- Jordan would leave his job and we’d live off my income
- We’d pick up and move 7,000 miles from the UK to Hawaii
- We’d sell pretty much everything in our home
Surprisingly, those decisions weren’t actually all that difficult to make. They took research and 5 money mindset shifts over our journey. Read or listen here.
Other money mindset and life planning must-reads:
Money and relationships
I get it. Money is touchy. Money and relationships combined? Tread even ligher with your opinions.
Jordan and I use a system that works for us. And we love it. But I also know that everyone is different and what works for us likely won’t work for you. That is why I wrote the complete list of options on How Should Married Couples Split Finances.
The good news is that once you decide on an approach and you make it easy with your spending plan, you don’t have to keep having this same conversation over and over again.
Other money and relationship must-reads:
Buying a home
When Jordan and I decided to buy a home we were well aware that this was going to be an expensive endeavor. We did our homework, made the big purchase, and then the reality sank in.
We don’t regret buying our home. We love it. But we learned a lot in the process.
This may be the largest financial decision of your life (no pressure). I break down the home buying process in 3 phases: the pre-work, the home search, and the closing process with this guide on home buying. Read more.
If you’re still deciding to buy vs rent a home, check out the articles below:
Saving for college
Even before our sweet baby Henry was born we realized there was one big financial uncertainty: college. Will he attend? Where will he want to go? How much should we pay for? Will the price keep skyrocketing?
After combing through way too much information on 529 plans, how they work, and why we should care about them, at 38 weeks pregnant I waddled my way in front of the camera to record this video for you on the basics of a 529 plan. Read or watch here.
Other saving for college articles you won’t want to miss:
Babies and other life decisions
Our sweet little son Henry was born in March 2018 and to say that having him changed things would be an understatement.
Having him brought up some tough questions we had talked about in theory, but were now a reality. Things like:
- How much does a baby cost in the first year? Spoiler alert: $24,032. See where it went here.
- What do we actually need to buy for this baby? Read our 10 must-have items here.
- How do we make sure his future is as secure as we can make it?
Do you need life insurance?
The most uncomfortable question was how do we ensure life for him is comfortable should things not go according to plan. And we all know things in life don’t go according to plan.
My research to answer this question led to a guide answering the financial decision, “do I need life insurance?” Read Is LIfe Insurance Worth Getting? A Guide to Deciding.
Favorite resources for life decisions
Everything we use and love
Ladder Life Insurance
Want to go deeper on life decision articles?
Take the plunge and browse all life decision making articles here and get our latest and greatest below.
Join the Project! Everything you need to be smarter with your money, delivered weekly. Introducing Henry to our lot. Now we have to break the news to him that he won't actually grow up here. I’ve never been particularly good at making decisions. I changed my major...
When I met my husband, Jordan, at the tail end of our senior year in college, he got my attention with an unusual pick-up line: “I promise that with me, you’ll have a lifetime of adventure.” And here we are 14 years later. I guess it worked. With that promise of a...
Join the Project! Everything you need to be smarter with your money, delivered weekly. One of the last photos that we took before moving from Hawaii in 2010. Today on the show, we share the systems that have enabled us to complete some of our life goals, and we are...
Join the Project! Everything you need to be smarter with your money, delivered weekly. Strolling around Windsor Castle before recording this podcast and doing one of the things that help us make decisions. Today on the show, we break down how we made 3 recent big,...
Join the Project! Everything you need to be smarter with your money, delivered weekly. We have Bela and Spencer of the blog Tiny Migrations on the show this week. When I first found their blog, I was immediately drawn in. They live in the most beautiful, idyllic...
Join the Project! Everything you need to be smarter with your money, delivered weekly. Earlier this week on our podcast, we had Belma McCaffrey of Work Bigger join us. She shared her insight and her own personal story about finding a career that filled her with...
If you read my last post, you know that we spent $24,032 during our first 12 months with Henry. To some people, we spent a ton. To others, we didn’t spend much. For us, it was the right amount. I didn’t track this spending for any reason other than I was really...
Erica and Jordan at the The Worth Project have the goal of sharing their personal finance experience to help readers improve their financial lives. We regularly partner with companies that share that same vision. Some of the links in this post may be from our...
Join the Project! Everything you need to be smarter with your money, delivered weekly. This week on The Worth Project Podcast, we are talking about the most unique gift we have ever received, how we translated our life plan into a money plan. And our visit to a...