We’ve talked about motivation and credit repair time and again. Often, the mere act of deciding to change is enough to begin the next phase of your life. But what if you feel lost in your current location? Psychologists have long argued about the connection between motivation and physical surroundings. If you aren’t quite at home in your home, consider these signs as a catalyst for moving. The result could point you in the right direction.
1. Limited opportunity.
National unemployment has improved this year, but there are still plenty of areas in need of opportunity. If your locale is lacking, it might be time to pack your bags. Do some research about the best places to live based on your profession. If a particular area seems interesting, take a look at the housing options, schools, earning potential, etc. Opportunity waits for those who seek it.
2. The cost of living is too high.
You might love your hometown, but does it love you? The cost of living is outrageous in certain parts of the country, particularly in major metropolitan areas. Housing, food, insurance, and commuting costs are just a few of the necessary considerations. If credit repair and savings are on your to-do list, the feeling of treading water might be all-too-familiar. If you are having difficulty staying ahead of the curve, look for an area where the cost of living is a little more forgiving. For example, while the average price of an apartment rental tops $2,900 in New York City, it barely exceeds $790 in Charlotte, North Carolina. Do yourself a favor and give your wallet a rest. Choose a city that allows you to live comfortably and strengthen your financial footing.
3. Your responsibilities are elsewhere.
Are you in a long-distance relationship? Do you care for a sick family member who lives hours away? Frequent travelling is sure to take a bite out of your savings and slow your credit repair goals. If you’re tired of wasted time and wasted money, why not change your situation? Find a home closer to your familial responsibilities or move them closer to you.
4. Retirement is in play.
If you plan to retire in the near-future, it’s time to consider the best geographic location. While you may be perfectly happy in a metropolitan area, can you afford to stay there without the help of continued income? Just as we discussed the high cost of living, the high cost of retiring should also factor into your situation. Talk to your financial planner to find out how much you can comfortably spend per year on a retirement living. The facts may point your compass in another direction.
5. You are unhappy.
Don’t underestimate the power of happiness. If you’re plagued by general dissatisfaction in life, how can you expect to improve financially? Whether it’s the commute, the climate, the people, or just plain boredom, sometimes a change can provide the motivation necessary to seek happiness. Consider your mood and health on the road to finding a new home. Why not take care of yourself?