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.

 

Switch Banks and Earn £100

switch banks

There are many reasons to switch banks, just as there are many for staying put. Banks and building societies offer a number of different accounts, benefits and more. If you aren’t happy, switch banks and reap the benefits of a new account and maybe even earn yourself a bonus.

Switching to Nationwide

I have banked with Nationwide for over tens years. I have numerous accounts and products with them, from savings accounts to the children’s CTF accounts. We have a local branch (the staff are lovely) but to be honest I do all of my banking online. As with most banks Nationwide have a brilliant website and a very handy app. You can set savings goals and so much more.

When it comes to customer service though, Nationwide are gold, and that is why I recommend Nationwide to people who want to switch banks. Every year I am able to recommend five people to Nationwide who, if they switch banks to them, will earn £100 within 30 days. I earn £100 too. Last year I recommended NW to three people. This year I have already been asked to refer two. This means that if you are looking to switch banks,  and want to earn yourself some extra pennies, I can help (three of you). 

Email Me with Subject Line “Switch Banks”

Email me on contact@nickicawood.co.uk if you would like me to refer you or to ask any questions. I just need an email address and you will receive an email from Nationwide with step by step instructions. I can only refer three more people so first come, first served.

Nationwide have been very good to us. We appreciate the way they run their business. If you aren’t happy with your current account now could be an excellent time to reconsider your options.

*I am recommending Nationwide because I have been happy with their service for over a decade. Please ensure that you do your own research into the best bank/accounts for you.
If you ask me to refer you and send me your email address I will use it solely for the purpose of filling in the referral form on Nationwide and sending you the initial referral email. After that, I will delete it.

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