Life Transition Survey
Life Transition Survey User's Guide
Transitions involve change and change is stressful for most people. When we give people another tool we use in our Financial Life Planning practice, "Personal Insights about Change" we find that most stress is associated with a sense of loss of control. The Life Transition Survey gives you the opportunity to identify transitions you expect to experience during your lifetime. Once they are identified and brought to the surface of your thinking, you can start to plan for those transitions. Planning allows for preparation, preparation provides a sense of control and control reduces stress.
The Life Transition Survey provides a list of 52 life transitions organized into four categories. As you read through these, you will find that most transitions do not apply to you. That's OK - just ignore those. For the ones that do apply, indicate if you are currently experiencing that transition or if you will in the mid-term or long-term.
Here are some tips to help you think about the transitions you have identified:
Stop to think about the implications of the transitions you have identified.
- Some of these implications will be emotional.
What are you looking forward to with each transition?
What are you most concerned about with each transition?
- Some of these implications will be financial.
What additional expenses do you think each transition will require?
How much have you saved for those extra expenses?
Make plans now for all the transitions you have identified.
- Have conversations with others who will be involved in each transition.
- Write down how you want to manage the transition.
- Create savings plans when appropriate.
Our tendency when facing transitions is to focus on what we are losing. However, by looking ahead and anticipating the transition, we can shift our focus to what we will be gaining and that will help reduce the related stress.