3 Steps to Securing Your Future Finances gymbunnymummy.com @gymbunnymum

The future is unpredictable and it can be difficult to know what might happen further down
the line. So, to ensure that you’re not caught out, it’s a good idea to make sure your financial
situation is in check. In this blog, we look at three steps you can take to secure your future finances.


Putting money away on a regular basis is a must if you want to enjoy financial security. You
could be faced with expensive home improvement costs or you may need to shell out to fix
your car, so having some funds set aside in case of emergencies, or just to give you peace
of mind, is essential. Saving some cash will also enable you to cover a whole host of other
likely expenses, such as paying for a wedding, moving house or footing school or university
fees for your children. Opening a regular savings account is a great place to start. These
type of accounts usually allow you to deposit an amount on a routine basis. For example,
with the Quantum account from RL360°, you can save as little as £200 per month. With a
regular savings plan, you should be able to build up a considerable nest egg for you to enjoy
at some point in the future.


While you’ll be entitled to a state pension from the government when you reach retirement
age, you may find that it is not enough money to enable you to live your life the way you
want to. So, to avoid putting yourself in a tricky financial situation in the future, it’s important
to start contributing into a pension scheme. It’s likely that your employer offers a work-based
pension plan, but if you don’t have access to a workplace pension, you can pay into a private
scheme instead. Even though it might be a while off yet, there’s no reason why you can’t
start preparing for the future right now.


Although using your credit card now and again may seem like a good idea, relying too much
on credit can mean you’re  left with a large sum of money to pay off. While you may be
tempted to let this rack up, making the effort to chip away at your debts now could help stand
you in better financial stead for the future. You could start by setting yourself a goal of paying
off a certain amount each month. The sooner you get your credit card bill down, the sooner
you’ll be able to  save money. In turn, this could make you feel more positive and optimistic
about your future finances.

Knowing how to get financially organised can be tricky. However, by taking these tips into
consideration, you shouldn’t struggle to sort out your money matters for the future.


This Mama Blogs

Life & Style for Busy Mums • Finding my style again • Lover of fashion & makeup • Autism Mama • Mum bun wearer • Slimming World Foodie • Partial to a G&T • Shops a little too much… • contact thismamablogs@gmail.com

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