*Preparing For The Future

Friday, December 18, 2020
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The end of 2020 is almost here and it has prompted me to start thinking about my goals for 2021 as well as future plans and saving money. I am a chronic over thinker and planner so preparing for the future would sound like a task I'd enjoy but alas, it fills me with dread and uncertainty which is something we've all had enough of this year. However, as I approach my thirties, I do need to prepare and plan ahead. Today's post is focusing on a few options and ideas to help prepare for the future and save money; as always if you have any advice or tips, leave them in the comments below. 

Savings Account + Manage Your Money
Starting a saving account and learning to manage your money is a great first step. Recording your spending, whether in a journal or spreadsheet, is an easy visual way to see your spending habits and from there you can try to identify ways to cut your spending. I find it very easy to justify numerous small treats but when I list them throughout the month, the small amounts add up and that is definitely an area of my spending that I need to control. Visiting comparison sites for utilities/insurance, looking for better deals, buying in bulk and opting for cheaper alternatives are a few more options to potentially save money. 

Funeral Care + Life Insurance 
Life insurance and funeral care is not something any of us want to think about especially in 2020 but it is necessary to prepare for the future. Heart of England funeral care offer a wide range of pre-paid funeral plans which is an affordable way to pay for the cost in advance and have personal wishes recorded. Further information is available on their website.  

Extra Projects + Studying Online 
Earning extra money through side projects or your hobbies (anything from cake making, creating illustrations, making jewellery or blogging) might be a great additional source of income as well as a way of improving your skills. Studying online, whether through university or free online courses (via Future Learn, for example) can demonstrate determination and passion for a certain career you may be working towards or it may help your job prospects in the future. 

Do you have any tips for saving money or planning for the future? 

9 comments

  1. I reaaaally must pay off a credit card, but the money I have saved goes on skincare! J x

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  2. I still save all of my change, every day whatever is in my pocket or my bag, it goes into a huge money box and I count it at the end of the year x

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  3. I like to look at my bank accounts around this time of year and set goals but thinking about funeral plans seems way off for me at the moment! x

    Beautylymin

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  4. Apart from saving as much money as I can, I don’t really think about he future too much x

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  5. I need to sort out Joshua's account in the new year xx

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  6. I always try to set goals and plan for the next year towards Christmas time. I'm definitely trying to save as much money as possible at the moment xx

    Tiffany x www.foodandotherloves.co.uk

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  7. I always set small goals for myself at the beginning of the year

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  8. These are some great ideas. I'd definitely like to learn a new skill in 2021.

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  9. Great ideas. Paying into my ISA over a long period of time is the thing I think I'll be glad I did in the future because there's a bonus when I draw it out to buy a house, so the more that goes in now, the better!

    Jasmine xx

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