Don’t Live In The Present With Your Finances

Many people these days are taking the approach that you should spend your money when you make it. Living in the present is all the rage these days, but is this really the best way for you to live? We agree, having fun is an important part of your life, and as such, you should be able to do the things you want to do if you can afford them. But, this doesn’t mean that you should spend it all and leave yourself with nothing for the years to come. You might find later in life, that living this way was a mistake. So, here are some of the things that you need to think about when dealing with your finances.

Buying A House

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At some point in your life, you are likely going to want to buy a house. But, with the way the market is going this is not going to be easy, especially if you haven’t thought ahead. You want to have as much money saved up as possible to put down for a deposit so that the mortgage is lower. If you don’t do this, you might end up with an insanely high mortgage that you can’t pay, and then you will lose your house. So, you need to make sure that when you start working, you are putting away some money for your future house. If it is possible, you should try and pay the whole house off and not get a mortgage at all. We know that this is not going to be possible for most people, but if you can, tightening your belt in other areas and saving for this house is something that you should do.


A lot of people don’t think this far into the future, but it is something that you need to do. Putting money away for your retirement is going to be crucial if you want to be comfortable and not living off what the state will give you. The transition to retirement is going to be hard enough without having to worry about how much money you are going to be living on every week. To combat this, you need to start saving as early as possible. We know, there are so many things to save for, but it will be worth it to give you this peace of mind once you reach your later years.

Retirement is supposed to be the best time of your life, and if you didn’t pinch your purse strings slightly when you were younger, you aren’t going to get to enjoy them to the full extent. We are not suggesting that you shouldn’t enjoy your youth because this is important too. We are just saying that you shouldn’t spend all your money at this time in your life and leave nothing for later.


Becoming unemployed is going to be an extremely difficult time in your life and you should always try to prepare for this when you do have a job. You might be under the impression that this is not necessary because you know you aren’t going to lose your job, but this is not something that you can be certain of. If you plan for this while you are employed, even though it will still be a hard time, you might find that unemployment will not be as bad as it potentially could be.

We hope that you take this advice and plan for your future years instead of living in the present with your finances.

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