School is great for teaching us everything about history, the world, maths, you name it they teach it. But the one thing they don’t seem to guide us on is the personal financial advice we all need to know in life to get by. There’s so many things you need to know, like money management, how to pay bills, how to budget, the list could go on forever. But we as humans are left to rely on the advice of our parents or just to guess and hope for the best. Which most of us know never goes very well. So, we’ve put together a few essential pieces of advice that should see you go through life a bit better in terms of finances.
The future is scary for a lot of people, but you need to try and prepare as much as you can. One thing you should consider getting once you feel ready to is life insurance. A lot of people tend to wait until they’re settled in with a family to do this, but the sooner the better. It means your loved ones will be protected should anything happen to you in the future. A lot of people chose to emigrate out of the UK in the hunt for a better life. Australia seems to be so popular at the minute with hundreds of brits travelling there to make it their home each year. You can still get cover from British companies even if you do chose to move. Check out ih expat cover if you’re interested in moving but know you still need some form of cover. The lure of a better life in countries of Australia is so strong, if you have the career to do so, you should definitely consider becoming an expat and moving!
If you want to stay on good terms with money, then making good decisions is something you need to always be doing. But considering there are so many things in life that can get in the way, it is sometimes hard to do so. The good decisions we’re going to talk about are the ones that see you saving money. Eating out is one of the biggest money takers for a lot of people. The lure of a nice Italian with your friends or partner at the end of the week is just all too much for some people. But, each time you do this you’re going to be wasting around £20. This is £20 you could put into your savings. We’re not saying you need to become a recluse and never go out, but limiting the amount of times that you do so will really benefit you in the future. Another thing that seems to drain a lot of money is phone bills. Due to advertisement we’re sucked into contracts and end up paying a fortune for years. The best thing you can do is save and go SIM only. You’ll end up saving so much money in the long run which could be put towards other things such as a holiday.
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