Campbell Wealth Management - March 2024

How to Enjoy the Empty Nest

Welcome to the new phase of life every parent faces, the empty nest. It’s that bittersweet time when the last child packs up and leaves only echoes in their once bustling rooms. Suddenly, the soundtrack of your life has shifted from a lively chorus to silence. For 18 years or more, school runs, sports practices, and the ever- present hum of family life framed most of your days. Now, your home feels a tad too spacious.

It’s normal to miss the commotion and the constant interaction with your children. But you are entering an exciting new chapter in your life, just like your children are. Your role as a parent is simply evolving. You’ve been their guide, teacher, and protector for years, and those roles don’t just disappear — they transform. Your children will still look to you for support and guidance; this is your chance to be there for them in a new way. There’s no reason to be cut off from your children. Stay connected through texts, FaceTime calls, and good old-fashioned phone conversations. Discuss their new experiences and share your own. Arranging in-person visits can turn into new traditions for your family. Allow yourself to enjoy this different but equally rewarding aspect of parenthood.

Now, let’s turn the spotlight on you. This is your time, a golden opportunity to focus on self-care and personal growth. Remember those hobbies you shelved when parenting took center stage? Dust them off and give them a whirl! Painting, hiking, learning a musical instrument, or even skydiving — there’s no better time to explore old or new interests. With fewer responsibilities at home, you can pack your bags and explore. Whether across the globe or the state, travel refreshes your spirit and broadens your horizons, offering perspectives that can only come from stepping out of your comfort zone. Life doesn’t stop teaching, and we never stop learning. Your nest might be empty, but your life is full of opportunities waiting for you to seize.

Buying Vs. Leasing —

leasing comes with mileage restrictions, potential fees for excess wear and tear, and the absence of ownership at the end of the lease term. When deciding between buying and leasing, consider the following factors. Driving Habits If you tend to drive long distances or anticipate exceeding mileage limits, buying may be the better option, as you won’t face penalties for excessive mileage. However, if you primarily use your vehicle for short commutes and don’t mind adhering to mileage restrictions, leasing could be more cost-effective. Financial Considerations

What’s the Best Route for You?

When it comes to purchasing a new vehicle, the decision between buying and leasing can be a daunting one. Both options come with their own set of advantages and drawbacks. Buying a car entails taking ownership of the vehicle, either through outright purchase or financing. With ownership comes the freedom to customize the vehicle to your

Evaluate your budget and financial stability. Buying a car typically involves higher monthly payments over 5–6 years (if you are financing your purchase). Leasing usually has lower monthly expenses upfront and lower maintenance costs. Long-Term Goals Consider your future plans and how they

preferences, drive without mileage restrictions, and potentially build equity over time. However, purchasing a car typically requires a larger upfront payment and may result in higher monthly payments compared to leasing. On the other hand, leasing a car involves essentially renting the vehicle for a specified period, usually 2–3 years. Leasing typically requires lower initial costs and monthly payments compared to buying, making it an

align with your choice of vehicle. If you prefer driving a new car every few years and enjoy the latest technology and features, leasing may be the preferred option. However, if you prefer long-term ownership and the ability to customize your vehicle, buying may be more suitable. Ultimately, the decision between buying and leasing boils down to your individual preferences and priorities.

attractive option for those looking to drive a newer car with lower expenses. Additionally, leased vehicles are often covered under warranty throughout the lease term, providing peace of mind against unexpected repair costs. However,

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