When you finish college and land your first stable job, you would probably be in your mid or late twenties and trying to make heads and tails of what life is. According to any testimonies, late twenties are the worst part of life after your teenage years (due to the increasing depression cases that are recorded from that age group). This newly minted ‘quarter life crisis’ apparently runs for a couple of years until you meet the phase of balance in life. At the mid and late twenties age you have to juggle living alone, handling work commitments with other obligations like relationships, and then there is a financial burden that you have to shoulder on your own. So here are some ideas on dealing with the multitudes of issues that pile up on you as you get through the quarter life crisis.
Getting your financial plan done
You should have your initial financial plan drafted and ready to be implemented. You should probably talk to your parents and older family members on planning for the next five to ten years of life. Savings accounts, insurances, rest homes Christchurch for parents’, marriage (if you want), a house and a vehicle are some of the more common themes that should be included in your plan. You will have to think twice about buying an expensive dress or drinking away half the pay check when you hit this age. It does not mean that you should stay completely away from fun, just that you need to be aware of your spending. Getting a mobile app to track your spending is one method.
Getting professional advice
If your parents are talking about legal titles, retirement homes, and other things with you then you can actually consult a professional financial advisor or a lawyer to become more familiar with this new part of life. Your parents’ assets are no joke, and you have to also consider taking care of your parents along with your own family as well. Long term care packages along with insurances are something that is of vital insurance at this age when considering your parents and making sure that they stay happy and healthy as possible. Visit this page to find out more about retirement villages NZ that your parents need and professional advisor recommended.
If you wanted to backpack through Europe someday or visit the great pyramids, then get going with those lifelong dreams as well. You will only get old, and as the years pile up, so do the responsibilities. Before your career and your body gives out on you, travel as far and wide as possible, meet new people and enjoy all there is to life. When you start your own life with kids and get going on your career you will be hard pressed to take more than three days off.