4 Tips To Plan For Your Financial Future

New research by the Yorkshire Building Society reveals that an alarming 19% of UK adults have less than £100 in savings since many Brits are feeling the pandemic’s full effects. Consequently, planning your financial future is crucial to get by in life without struggling too much. Luckily, you can conduct proper financial planning to secure your future in multiple ways. If you wish to learn more about planning for your financial future, please take a look at these points.

Make a will

Many financial experts agree that Wills and Power of Attorney are essential but often overlooked aspects of personal finance and financial planning. Although having a Will and Power of attorney will not help you achieve any financial goals directly, it remains an essential aspect of your personal finance and financial planning. Having one ensures your estate is distributed according to your wishes instead of by intestacy rules. It is undoubtedly crucial for solicitors with the necessary expertise and sensitivity to handle your will making, ensuring that it is according to your wishes. Thankfully, trusted Wills and Probate solicitors from Bannister Preston exist to assist you in planning for your future, so keep this in mind.

Embrace The 3 P’s

Professional help, preparation, and avoiding procrastination are the three P’s worth embracing to plan for your financial future, so keep this in mind. Many people consult professionals for health and legal matters, but never with finances and life insurance. However, a professional advisor can help you sort through your available options and offer a plan to help you achieve short and long-term financial goals. Furthermore, preparation is also crucial, so a solid financial plan with life insurance can prepare you for any emergency and offer you peace of mind. Finally, you don’t have to wait till you are growing old to begin plans for your future, so avoid procrastinating to lay the foundation for the financial security you intend to enjoy in the future.

Open a retirement fund

According to Statista data, about 46% of the UK’s working population reported not having a retirement plan in 2020. Indeed, retirement may seem like a mirage that won’t come around anytime soon when you are young. However, it is crucial to start planning for your retirement as soon as possible to guarantee a comfortable future. It is worth considering that if you put away £200 monthly in a retirement account immediately after you land your first full-time job at 22, you will have about £37,000 within a decade, assuming your investments grow by 8% annually. Within 20 years, you will have over £122,000, and your savings will amount to £1.2 million by the time you reach 67.

Track your cash and redirect it towards your goals

You will also need to know your monthly cash flow to monitor what’s coming in and going out when planning your financial future. This accurate picture of your finances is crucial because it can offer more cash towards savings or paying down debt. Consequently, you can develop a budget as an immediate plan to track your spending for optimum financial planning.


Self-Care Techniques for Beating Stress and Anxiety

Are you feeling stressed out and anxious lately? It’s okay to feel that way, life can be overwhelming at times. But you know what? You deserve some TLC! That’s why today we’re going to explore some simple self-care techniques that can help you reduce anxiety and stress. 

A Little Life Update….

Do you ever wake-up and look in the mirror and realise that you’re no-where where you imagined you’d be? This has happened to me every single day since last Tuesday but today it feels more heavy than ever. It isn’t all bad…. I am rebranding Women Who Slay, I know my blog can grow and I am prepared to put in the work but at the same time, redundancy is around the corner, I am battling to clear debts I incurred after the closure of my online magazine and I feel deeply overwhelmed and very very stressed. So here’s a little life update……

I’m No 51 on the TOP LIFESTYLE BLOGS in the UK!

I have been excited to write this blog post for a while but have been exhausted as I have recently taken on a second job. (More details will be revealed over time and in a separate blog) However, I bounced out of bed this Sunday morning and decided to get this post written as I am excited to share that my blog has been listed at No.51 for the top lifestyle blog in the UK. To say I a proud is an understatement. Where blogging is concerned, I have been writing blog posts since 2009 and have tried during this time to get my blog listed; however it has always failed to be selected.


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