Four Things You Should Make Room For In Your Budget
As millennials, it seems that we’re constantly living on a budget. It doesn’t matter what job you have or how high your income is, we’re all just trying to get by. This might mean cutting things out of our lives that we don’t think we need and that we don’t want. But the fact is this has probably led to some people prioritising the wrong things. For instance, you might decide you don’t need to pay for a telephone line and that way you can save money to buy an incredibly expensive cell phone. The issue with this one is that cellphones often break and then you’ll wish you did have a landline, at least for emergency calls. There are other things you should make room for in your budget as well.
Health Care
We know many people think, why bother paying private health insurance when I can get treated for free? You should be aware of the different levels of care here. If you get private health coverage, you can be guaranteed a personalised service. You will also have access to procedures without having to wait for massive amounts of time. In the public sector, you will have to wait. Even if you do there’s no guarantee that you’ll get the same treatment that you would have if you had gone private. And again, you might think that’s great, but private health care is expensive. That may be true but there are different payment plans available. Some of the plans offered by Ashtead Hospital and other facilities are very reasonable. Besides, what’s more important? Your health or the sports car you’re saving for. Speaking of saving…
Don’t Forget To Save
It’s crucial that you fit a saving plan somewhere into your budget. You need this incase you suddenly find yourself going through a period of redundancy. Or, if your bills are larger than you expected for a few months in the year. It’s also important to realize that you should be thinking about the future. One of the biggest problems in our generation is that people aren’t thinking five or ten years ahead. They’re thinking about right now. Can I afford this right now? When instead they should be considering their future and even in your twenties you need to think consider your twilight years. Social security is expected to run out before our generation reaches old age. That’s why you should already be saving up your own private pension.
A Holiday Or Two
But it’s not all doom and gloom. You should also think about every once in awhile spending some money on yourself. We recommend trying to go on at least one holiday a year. You may think you can’t fit that in your budget but remember you don’t have to go abroad. You don’t have to travel to an exotic place far away. Instead, you can take a trip to somewhere quiet in the countryside and escape the stresses of life. When you get back you will feel refreshed and it will be money well spent.
Remember what you choose to spend your money on is your decision. Just try and make sure you aren’t cutting out the important things to pay for others you don’t really need.
