Whilst young and strong, we think of the future and do our best to make it happen. We build a family and perform our tasks and responsibilities. Days turned to months and eventually it became years. One day we will wake up and find that forty or fifty years have passed and we are left to take care of ourselves. This is called retirement. It is important that we put retirement into consideration while we are young so that when time comes, we will sit securely and comfortably.
Retirement is a state where a person stops working because of old age. Retirement entails pension which is subsidized by employers or the state. Usually retirement age ranges from fifty to sixty three depending on the company or the country. People that are forced to retire despite of young age are victims of accidents and illness. These people are also given what is due them.
Retirement means more time for the things we want to do but the real challenge lies in making many ends meet. Pensions are not always big and sometimes, it can never be enough. If we are on this stage, it is imperative that we manage our money well.
The secret to retiring securely lies in our hands. Our type of lifestyle for example should be examined. If we are used to extravagance, aside from the pension, we should consider other sources of income or investments that are earning. If we are used to simplicity, it will be easier. If we want our retirement to last, we should not exhaust everything at once. Ideally, living expenses in retirement should be reduced but there is a tendency that as we age, certain expenses will increase like the health care costs not to mention other miscellaneous things.
We look forward to all activities with enthusiasm but sometimes laundry day is not that appealing. The coming of laundry shops made life easier for those who are too lazy to wash their clothes. Not all people are that lazy because they would rather wash their own clothes to make sure it is properly handled. Of course the best care is to hand-wash it but it would be tiring and inconvenient. With the help of washing machines, laundry day is trouble-free.
We should know that there is a right way and the wrong way to deal with our laundry. No matter how simple laundry is, there are a lot of people who are doing it wrong but there is always room for improvement. These things can help us do laundry better:
The first thing to do is sort unclean clothes into different piles: white clothes, dark clothes, light clothes and delicate clothes. If you see any stains, apply a prewash stain removal agent.
Set (washing machine) to the appropriate heating setting
Start the washing machine. If it is filled with water, gradually add the detergent powder and wait for it to dissolve. Start with your piles of clothes but remember not to overload it. Overloading can damage the washer and at some point it can’t clean clothes well. Secure the cover and let it complete a full cycle.
Set (the dryer) to the appropriate heating setting
Put the rinsed clothes in the dryer. After that, set the heating system but if you are uncertain of the degree or setting, it is safe to put it in a low or medium temperature. Wait for the cycle to finish then you can take away your cleaned clothes to iron, hang and fold.
You have a two wheeler and dearly love to have a car of your own to be able to go to office in it as riding a bike in winters and rainy season proves cumbersome. If you’re in Singapore, how do you go about fulfilling that dream? You know that you need to save for at least the down payment so as to be eligible to get loan for the remaining amount to buy a car in your name. Planning to save a little amount would help you reach your goal in 6 months. This is how financial planning helps you to achieve your goal.
However, this is just one aspect of financial planning as it is a vast subject covering all stages of your life and all your monetary requirements and emergencies in small but important steps – all of which have to be mastered by a professional financial planner. Financial planner career has become a must today for all people as they are discovering that their incomes are not sufficient to survive with their families in future. Saving a small amount every month and then making the best possible use of that saving through investment in financial instruments that provide decent returns in future is one aim of financial planning.
Importance of a Financial Planner
Rarely does a man realize at the time of marriage that careful financial planning career would be needed when starting a family as kids will grow and then require costly education and finally admission into colleges, but a true Singapore financial planner will see this right away. All this requires money at important stages of life. In between are other financial and medical emergencies like the need for a home and then possible a bigger home. To be able to fulfill the requirements of family members and all other responsibilities is not an easy task, and any person should practice financial planning to ride over all problems smoothly.
Save Up Finances During Good Times
When a man is in service and has a regular income, he fails to foresee the times in future when he would eventually retire and would not have a steady stream of income. A financial planner understands this inevitability and plans ahead for it. It is not possible to maintain the same lifestyle after retirement for most people and only those who are alert and indulge in engaging a financial planner at the right time are able to live life in much the same way as they did during service years.
Financial planning can take many forms and can be undertaken through various financial instruments like mutual funds, stock markets, investment in properties, gold, and currencies, and so on. Many feel they do not have time to get involve in financial planning on their own. Yes, there are high flying executives who rarely find time to think of financial planning. There are professionals called a financial planner with expertise in all such avenues of investment and they know which investment scheme is more suitable for individuals depending upon their unique circumstances.
In Singapore, a wise financial planner can greatly help us tide over difficulties posed by rising prices and inflationary pressures to allow us to save in real terms and be able to fulfill our responsibilities in a smooth manner.