Our Future Finances

customers, finance futures

There is little more adult-like than starting to talk about pensions, putting things in place for our children’s futures and that sort of thing. Our future finances are something that we’ve been talking about recently because at the end of the day, one day our boys will be grown, we will be looking at retiring and we do want to spend our later years doing things that we want. Like everyone else, unless we start playing the lottery and win, we are going to have to find another way to fund our future bucket list or dream shopping list.

The beauty of the modern world is that you have options these days when it comes to arranging how your future finances will look. Here are just some of the things that you can look at doing in order to make sure you have pennies available for later in life.

Savings

We are diligent when it comes to savings. The first thing we do every month is put money into our pots before paying bills or anything else. I used to find that if I waited to see what was left at the end of the month before saving, that for whatever reason, there wouldn’t be anything left. Funny old thing that.

We split our savings so that we have rainy day savings, car/maintenance savings, future “don’t touch this” savings and so on.

Property

I know many people who are planning on using their property once their mortgages are paid off to work as a kind of pension for their future. I know others who plan on using their property some way to help them fund their retirement bucket list. I think this is a great way to maximise (and fund) the fun and mischief that you can get up to later on down the road. Having bought a house and paid it off, you have much more flexibility in how you will fund your future financial needs.

Pensions

Pensions are important. You can find out how much your state pension will likely look like by registering with HMRC and looking on your online tax account. There are numerous things that may affect how much state pension you will get. It isn’t likely to be enough to live on.

We have worked hard to maximise what we will get back from our pensions and the workplace pensions can be brilliant if you have the right provider and a decent employer. I am not employed, being a freelance copywriter and of course, therefore, don’t have a workplace pension. There are other private pensions available however so thankfully we’re covered.

Lottery Win

A substantial win on the National Lottery could very well cover our future finances in terms of allowing us to do what we want to do once we’ve retired. The thing is, I’m not one for gambling on my future and at £2 a line I’d rather put my pennies into savings.

Bucket List

What are our future finances for? We have big plans, small plans and of course, we want to be able to be comfortable when we are no longer working. Just some of our plans include travel, learning new skills and perhaps some smaller local projects that we’d love to have the time and money to help with, without compromising on paying our bills.

Your Future Finances: The Conclusion

While saving towards your future finances and looking for ways to fund your later years is nowhere near as exciting as spending your pennies on fun now, there’s a good chance that down the road that you will wish that you had. Think carefully about how you will manage later on, as tomorrow comes around quicker than we’d like, and get proper advice on how to manage your pensions, savings, property matters and more.

 

Common Online Shopping Mistakes

online shopping

Shopping online has become exceptionally popular over the past few years, especially in my house. It becomes more and more popular as time goes on. From groceries to gadgets, you can purchase anything over the internet nowadays. When it comes to online shopping, you need to make sure you are safe though. The last thing you want to do is put your finances at risk because of leaving yourself wide open to fraud. Furthermore, you don’t want to end up spending more money than you need to. With that in mind, read on to discover more about the common online shopping mistakes you could be making.

Not Shopping Around

You will not get the best deals if you do not shop around. The vast majority of items today, from shoes to cutlery, are available via so many different websites, and they are not all sold at the same prices. This is made easier via the various comparison websites that are available today. You can easily compare anything from your groceries to insurance policies to utility bills. This will ensure that you do not end up spending more than you need to when buying something in particular.

Top Tip for Online Shopping

Don’t forget to check cashback websites before purchasing to see if you could earn on items you were already buying.

Saving Your Personal Information

Be cautious whenever you buy something over the Internet. One of the biggest mistakes that a lot of people make today is saving their personal information. It is understandable why you may do this. After all, it is very tempting to get the website to remember your personal details so that you save yourself a minute or so whenever you make a purchase in the future, as you won’t need to enter this information. However, what saves you a minute could cost you a lot of time and money if your details are hacked. Your personal account could easily be targeted, making you very vulnerable. The best tip here is to never save your details and input them manually each time instead.

Not Checking for Discounts First

Before you make any sort of purchase online, it is important to do a quick search to see if there are any discounts or voucher codes available. Websites like NetVoucherCodes.co.uk make it easy for you to find discounts with ease. All you need to do is enter the store you are purchasing from and it will pull up any available codes on the web. You will be shocked by just how many discounts are available. There is more likely to be a code available to use than there isn’t. When you combine this with shopping around, you have the power to guarantee you are always paying the lowest possible price for something.

Personally, I have saved a lot with codes, with online shopping and off. A group of friends and I visited a restaurant in York not too long ago and managed to get 50% off all of our main meals. This is just one example.

Ignoring Shipping

In addition to the points that have already been mentioned, you need to be careful regarding shipping costs. Whenever you are thinking about purchasing something, the best thing to do is head to the website’s delivery page. Here, you will be able to see the different shipping options that are available, as well as the costs associated with each one. I’ll admit to having been caught out on this one!

Ordering From a Website That is Unknown and Insecure 

Last but not least, this is the biggest mistake of them all. It is vital to recognise that not all websites are the same. Some websites have been set up purely as scams. There are then some websites that while being run by legitimate businesses have no security whatsoever. You really need to take the time to learn about the business you are buying for. Make sure you check their security reputation and credentials. Head to Wordstream.com to find out more about trust signals. If there is no information, or worse, negative information, you know to look elsewhere.

As you can see, there are a number of different mistakes people make when they are shopping online. If you are mindful of everything that has been mentioned above, shopping online is a great way to save money and to have the convenience of having items delivered to your door so that you do not need to waste your valuable time shopping yourself. 

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