Life is, as often and famous, just something after another. We just have a lot of control over what “things” are, but otherwise we move to “things” with all randomness you can expect. First, the first children love, the first children – everything you can decide often, but it is likely to be imposed on you with a little notice at all.
Some of these are much larger than others. The main life events such as marriages, children, retirement and the like can be major banks on both our financial and emotional well -being, especially when they are unplanned. How, then, can you prepare appropriately to the main life events?
Planning for selection
First, let’s recognize the elephant in the room: a lot of the most important moments of life are surprises. Sudden pregnancy, sudden repetitions, sudden posts and sudden courage, whether good or bad, the surprise is a surprise. Whether it is a happy accident or just a straight accident, it is important that there are some emergency situations in place to keep you standing on his feet.
This is what makes Something like an emergency box Very important from a financial perspective. The boiled boiler or the position of the job at the last minute can be disastrous on your bank account, but it is not necessary. The savings box that covers up to six months of your wages can be the Stopgap needed to keep you standing on its feet when things become difficult.
At a broader level, you need to get some financial awareness surrounding the following big life events on the horizon. If you hope for stability and start a family, you know that the first homeland and at least one child in your future future-and you need to plan your money accordingly.
The emergency box is just one part of this equation. You can get separate money taking into account specific life events, each of which can take advantage of specific mechanisms available to you. Regarding the purchase of a house, for example, you will need to deposit and decent credit. The previous can be achieved using a Credit building card to create a history of lending; The latter can be achieved by saving money in Lisa, which benefits from Government support of 25 % up to 4000 pounds each year.
It is easy to think about the financial aspects of life events without recognizing the emotional aspect of the equation. Some transformations in life can be difficult in particular emotional, and this difficulty may affect your life elsewhere. Agile is a strong example, but the least deep events like a short period of unemployment still contribute greatly to stress and poor mental health. Think about eradicating these feelings and talking to a consultant, or simply asking for support from family and friends when big things occur.
Finally, there are some events that will require you to seek legal assistance. Divorce, gap and purchase of a property are the three major events that need to be taken into account, and each requires its specialized advice. Also, keep all your documents updated and store them in an easily accessible place; You may need to discuss address changes, names changes, company details, etc.!
