There are a few things in life that we all need to consider as we look to prepare for the future and it can be easy to put them off or ignore them altogether. However, organising our lives so that we can deal with curve balls that are come at us without warning is not just a good idea for those occurrences, but also to give you peace of mind throughout your life. So, we are going to take a look at some of the ways you can make yourself future-proof and be confident that you and your family are protected against most outcomes.
Saving For A Rainy Day
First of all, let’s start by looking at some of the reasons you might need to have money saved away and how you can go about doing that.
There are many eventualities that can arise that require you to have some money stashed away in a savings account or under the bed. We don’t like to think about the things that can go wrong, and usually, that is fair enough. However, when it comes to considering the future of your family you should think of some of the worst case scenarios so that you have a focussed mind.
One way things can go wrong is you suddenly find yourself made redundant or out of work for another reason. This can be seen as one of the worst things that can happen because we all rely on our pay cheque to cover the bills and other living expenses, however, there are some ways that you can be prepared for this eventuality.
For starters, while you are employed, make sure you are keeping some of your wages back every month. This will be your savings, but should be treated as an emergency fund. This money won’t just be helpful in cases of unemployment, but should be avoided from being used except for the most vital of times. The best thing you can do is work out how much you need per month to cope so that you are confident that if something does go wrong at work, you are covered.
Another part of life that can cause you some distress is when a health problem arises. You might not consider that money is important when it comes to health, especially with organisations like the NHS. However, what doesn’t get discussed nearly enough is the cost of illness. If you are unable to work then you may very well find yourself with a lower income but still needing to pay out the same bills. Once again this is where the savings we have already discussed will come in helpful. For example, families who are coping with a young member who has cancer can expect to pay £600 a month on things like accommodation and transport as part of treatments.
While we can’t live our lives waiting for the worst to happen, having some money safely stored away will alleviate a lot of the pressure that can arise in these moments.
The Inevitable Future
There are some things that are going to come up in the future that you can’t prevent. That doesn’t mean that they have to be awful experiences, even if some of them are going to be incredibly trying on you emotionally. However, once again the aim of the game is to be as prepared as possible to make all eventualities easier on everyone involved.
The most obvious demonstration of this is that life comes to an end. It isn’t something you should spend your days thinking about, but it is a thing that should be addressed at some point. That isn’t to say you should go through life with morbid thoughts and feelings. Instead, you might want to consider what happens after someone dies and how that affects the people left behind One way that we can all make death a little easier for the people grieving is by ensuring that our wills and probates have been legally arranged. You can do this by hiring yourself a family law solicitors and getting your affairs in order well in advance of any concerns about mortality.
Not everything that we have to prepare for in the future has to come with a negative warning about health or finances. No, sometimes we can look forward to what is to come and still be preparing for it. And that is why we are going to finish by discussing growing older and some of the joys that come with that process.
Everyone gets older and some of the best things that can happen in life come with ageing. For one, while you might miss when they were totally dependent on you, your children will one day soon be adults that you can spend time with and enjoy the company of. You are currently working on making a person that will be your friend later in life and there is nothing more beautiful than that.
As you age there are things that your body simply can’t do anymore, but that doesn’t mean you have to stop living. By making small changes to your lifestyle you can continue to live exactly how you want to. Acknowledging that you need to change your diet or alter your exercise routines are not negatives and they will improve your life as you get older.
The topics we have discussed here have focussed on some of the challenging moments in life. However, you shouldn’t think of them as negative. The aim here was just to outline some of the ways you can prepare for the worst case scenarios, so that you can enjoy your day-to-day life without worrying about any of them. Spending a few days taking care of the difficult parts of living will make the rest of life all the more enjoyable.