Showing posts with label #tips. Show all posts
Showing posts with label #tips. Show all posts

Friday, 14 July 2017

The Long Road To Leaving A Legacy

Most parents hate the idea of their kids being left with nothing when they eventually pass away. Instead, you want the money you have worked hard for to go straight into their hands, be it in the form of cash or assets. 
But, with taxes and other fees, it can be very hard to see this happening with your funds. Unfortunately, to ensure that your kids get the most they possibly can, you have to do some work. To help you out, this post will be going through some of the best ways to leave a legacy for your kids. It’s best to start as early as possible with something like. 
In some cases, people will start long before they even have children.

apartment, architecture, balconies

  • Property

One of the best options you have regarding a legacy for your kids is property. Unlike cash, it’s very difficult for a home to be chopped up by the taxman. Instead, your kids will only have to pay a little bit towards their new home
Of course, a home isn’t exactly cheap. But, this shouldn’t matter. Most people will want to own their own property by the time they have a family, anyway. 
So, this will probably fall in-line with your normal goals. 
If not, you can look into other options to give your kids something physical when you pass. Other high-value items include gold and other precious metals or gems. But, these won’t be anywhere near as secure as property or the other options on this list.

buy, cash, coins

  • Investments

Along with investing in property, you could also consider some other investments. There are loads of methods to store your money which will result in passive income generation.
For example, if you invest in the shares for a business, you will be able to take a slice of their revenue once they’re making money.
Or, if you invest in stocks, they could be sold at a later date for a lot more than they were bought for. Bonds also make great investments to pass down to your children, as they are almost entirely risk-free. These sorts of investments don’t only benefit your kids, though. 
Along with leaving a good legacy, they could also help you to make a little bit of extra cash each month. This will help you to save even more, or spend something on yourself once in awhile.

couple, elderly, man

  • Life Insurance

This next option is arguably the very best for leaving a legacy for your children because it’s designed to be used in this way. Life insurance is built from payments which are made throughout your life. Then, when you pass, the money will be given to your kids. 
This will be entirely tax-free, ensuring that they get every penny of it. And, it can be a great way to give them more than you’ve saved. 500k life cover will rarely ever cost you half a million, even after years of putting money into it. 
But, through investing your money, the company providing it to you will be able to guarantee that your kids will get the full amount.
It’s best to start this sort of policy early, as you will be expected to contribute a large percentage of the funds. So, the earlier you start, the smaller the monthly payments will be.

  • Teaching

A lot of young people struggle with money. The skills required to balance a bank account aren’t taught in schools. 
So, people have to learn these skills for themselves. This is alright for some. But, for others, more help will be required. From an early age, your kids can be exposed to money and the decisions that come with it. 
You can teach them to look after the small amount of money they have. And, you can help them to be responsible with it when they have more. Very few kids have a true understanding of the value of money. But, this is something which can be taught quite early on. 
A lot of parents encourage their kids to get a weekend job once they’re in their early teens. This will teach them what it takes to earn money, and what money is worth regarding hard work.

Hopefully, this post will inspire you to start working hard on the legacy you leave your kids. A lot of parents don’t put this sort of effort in. But, it can be an excellent way to give you kids a great start in life. And, it means you can rest assured that they’ll be looked after when you’re gone.


*Collaborative Post*

Monday, 15 May 2017

Don’t Break The Bank Holiday


Living in a holiday destination Bank Holidays can get really busy around here, so we normally decided to stay in or visit family.
None of the boys really enjoy the hustle and bustle of town and prefer to be kept busy other ways.
When possible we also try our best to keep the cost down.

So I thought I would share some of our top favourite things to do on a Bank Holiday.

Garden Picnic..


If the weather is nice, why not head out into the garden and have a picnic?
Food always tastes better in the sun...
The boys love eating outside and it always makes them smile to see food being set up on the picnic bench.

Get The Kids To Put On A Show...


The twins love putting on a show, they never really make sense and they are usually over within a second, but they spend most of the day practising.
When they're really planning their play, they always ask for face paints.
I'm not amazing at face paints but they are always happy when they see the end results.



Movie Day....



If the weather is being rubbish, why not snuggle up on the sofa and watch some of your favourite films?
When we have a film day, the boys each pick a film and then sit back and enjoy a movie marathon.
Cakes and popcorn are usually provided by yours truly.

Painting Fun...


Sometimes sitting in front of the telly can get a bit boring, so when that happens I always have a supply of paint and paper.
Getting the boys to paint always keeps them entertained for a couple of hours and then they end up with a few new master pieces to put up on the fridge.


Bake a Cake...


Before you have a movie day, you could bake your own cakes.
We all enjoy baking cakes and making a mess in the kitchen.
You can either look in the cupboards and get creative with the ingredients that you have, or you could cheat and get a pre made kit with your weekly shopping.

You can find more tips on what to do over the Bank Holiday here.


We were asked to work with Provident on their ‘don’t break the bank holiday’ campaign to advise families across the UK on what do but on a budget.”


Friday, 23 December 2016

How To Survive After Christmas: The Four Step Guide

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The period of time just before Christmas is always one of the absolute busiest of the year. You’re running around buying gifts, planning meals and frantically trying to make sure that your home looks presentable enough to welcome guests to over the festive period. A lot of us love Christmas, but if we’re entirely honest, there’s often part of us looking forward to the calm period just after the storm of festivities is over, when we can relax again and our lives get back to normal. Here are some tips on how to put your life back together just after Christmas is over…
Your Home

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You might find that right after Christmas your home looks a little like a disaster zone, particularly if you have kids! That means that it’s time to clean and to declutter your house – after all, a clear space around you usually means that you have a clear mind too, and it’s the perfect time of year to start afresh.
If your surfaces are covered in your kids’ Christmas presents, gather them all together, put them in bags, and take them up to your kids’ rooms. Don’t tidy them up for them – just remove them from the communal spaces so they can learn to take responsibility for their own belongings.
If it’s your own clutter that’s the problem, it’s time to get that sorted out. Check out Marie Kondo’s tips on how to tidy up and how to declutter your life. She advises that you should get rid of all your belongings that don’t spark joy in you – and chances are, fragments of old wrapping paper and Christmas cards won’t spark that joy! 
Recycle all your trash, and put away your Christmas presents. If you got anything that you don’t want, for instance toiletries that you won’t use, consider donating them to a homeless shelter.
Christmas can also make you realise what the flaws in your home environment are. If you had problems getting enough space to cook in, consider how you can change your kitchen to suit your needs. The future starts here!
Your Finances

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January is often a tough month for your credit card bill. Although it’s a great idea to plan Christmas as much in advance as you can and start buying gifts through the whole year to store away, that often isn’t the way that it actually works out. December can be a huge rush, and also extremely tough on you and on your bank account.
It’s important not to get too carried away with Christmas. The same responsibilities that you have the rest of the year still apply! Any personal unsecured loans that you might have still need to be paid off at your agreed interest rate, and even though using your credit card might not feel like using real money all the time, you don’t want a sinking feeling in your stomach when you receive your bill. In order to effectively budget your hard earned money better, try withdrawing a certain amount from the bank in cash, and spending only that on your Christmas frivolities. When you’re trying to budget in January, it’s a good idea to do the same thing then.
Make sure that you’re fully up to date on what exactly your incomings and outgoings are, and – this is very important – make sure that you live within your means. Overspending and laying down more money than you actually have is the easiest way to get into debt.
Your Health

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Christmas is without doubt one of the unhealthiest times of the year! Not only do you tend to overindulge in delicious and unhealthy food, but it isn’t a time that you ever do much exercise. After all, it’d be pretty antisocial to get up and go for a run when you’ve just finished your Christmas dinner! But it’s important to get yourself in good health for the New Year.
First of all, take a good look at your diet. Chances are, by the time January rolls around, you’ll have spent most of the last few weeks snacking and drinking a little more alcohol than you should! From the start of 2017, it’s time to get a grip on yourself. 
Start meal planning: not only does this help you get more organised, but it also cuts down the money you spend on food and helps you to stop snacking in between meals. 
Drink more water – not only does this make your skin clear, smooth and flawless, but it will also decrease your appetite so you don’t eat more than you need to.
If you want to get more fit and toned, start going to an exercise class. If you’re an active person who likes to dance, try Zumba! 
If you’re a little more chilled and you’d like to give your mental health a helping hand, try out a yoga class. Pilates and tai chi are also great if you want some simple exercise that will help strengthen your core. Finally, put on your walking shoes and go for a hike! So long as you’re wrapped up warm, the cold weather won’t matter.
Your Relationship

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When you’re extremely busy, you often tend to let things slide a little, and your relationship is definitely one of the things that you pay less attention to. 
Because you assume it’ll always be there, you often don’t devote as much time to maintaining your relationship as you should.
But it’s important to make sure that you’re connected to each other. After the family oriented hubbub of Christmas and New Year, the next holiday is Valentine’s Day! Schedule a babysitter every two or three weeks so you can go out on a date together. If this isn’t possible, have a night in together at home. 
Watch your favourite movie and eat your favourite meal and make sure that you talk to each other. Communication is key to a happy and healthy relationship – if you keep talking honestly to each other, then chances are you’ll stick it out together for the long haul.





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