The theme of the night was about planning or preparing for the future and especially to be self-sufficient. The line-up of speakers was very interesting to listen to and it really made me think about future planning and sharing this with other families too. The following list of organisations will give an understanding of some of the things that we should consider to plan for:
- Education: a very important aspect of our lives but especially to be educated not only to make informed choices but also in order to do something (work/business) that you really enjoy.
- Life Insurance: Insuring that if anything happens to you and/or your spouse/partner that there are provisions for a mortgage paid off, burial/cremation funds (possibly a will for your children's guardianship). To consider trauma cover, income protection or whatever suits your family's needs and your budget.
- Burial plot/cremation: Not a very nice thing to talk about but sometimes planning ahead for loved ones, your wishes or to have that conversation is important. Plots now cost upwards of $5,000 and rising with cremation over $500. Things that we have to consider as time goes on.
- Budgeting/financial planning: This is for not only the daily budgeting, mortgages but also about debt reduction, analysing the ways that we spend our money and putting savings aside for that rainy day or emergency funding.
- Weekly $5 welfare: Sometimes food runs out of the cupboards faster than you can stock them. A speaker spoke about how a $5 a week spent on buying non perishable foods stock up 3 months ahead and then rotated is a big help and especially around Christmas, in emergencies and when you need it.
There are some definite ideas that I listened to that I would consider and will also be reviewing some of the things that we are currently doing...
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