Plan For The Future: Put Your Money In The Right Place

The old saying goes that it’s never too soon to start planning for the future, and that is absolutely correct. There are plenty of ways to invest and save to future-proof your life for both your, and your children’s, peace of mind. Below are four great ways to spend your money now that will make you glad you planned for the future in years to come.


The most popular and highly advised way to invest for your future is with your pension. Obviously, you can always rely on your state pension to be your sole source of income in retirement. However, it is always well worth having other avenues of income as the cost of living increases.

Most people will have a workplace pension that they are signed up to, but it is good practice to make further, voluntary, payments into that pension scheme to maximise your retirement fund. The added benefit of this, other than peace of mind that you have saved more for your retirement, is that many employers will match your contributions up to a certain amount. This means that you are essentially saving double the amount for every extra contribution you make.

Win, win.


Property has always been, and always will be one of the safest and most stable investments you can make. You don’t necessarily have to start buying property left, right, and centre and become a professional property mogul in the process. Simply paying off your mortgage as quickly as possible is the best way to secure a comfortable future.

The first reason is that your mortgage is likely your largest monthly expenditure, by paying it off early you not only reduce the amount of total interest you have accrued on the debt but you also you free up a huge amount of your income which can then be pumped into your savings of pension scheme.

The second reason is that once your mortgage is paid off, no matter what happens in your life, you always have a roof over your head and somewhere dry to stay.

The third reason is that when it comes time to retire, and all your children have flown the nest, you can sell your property, move to somewhere smaller and use the profit to help see you through your retirement in a bit more comfort.


If you’ve ever been in a road traffic accident, you’ll have been thoroughly relieved to know that you had car insurance to keep you covered. The same is true for all aspects of your life. Think about protecting your biggest investments like your house. Comprehensive home insurance will cover you for any theft or damage that may occur during the course of your life.

It is advisable to also speak to a life insurance broker to ensure that should anything happen to you or your spouse, your family will be taken care of, and there will be no risk of bills not being paid. All these insurance policies may feel like little hammers chipping away at your monthly income, but it is always better to have insurance that you never need than to need insurance and not have it.

Many life insurance policies are relatively inexpensive but offer large payouts to help cover funeral costs and other monthly bills that may become difficult to cover with a substantial decrease in household income.

Never Buy A New Car

This may seem like an odd suggestion amongst all the advice on investing in your larger purchases and squirrelling your money away, but that is exactly why you should avoid a new car; it simply isn’t a sound investment. The sad truth is that any money put into buying a brand new car is essentially being thrown away.

The average car will lose 10% of its value as soon as it is driven off the forecourt, and over the course of three years, it will likely lose more than half its value. This is a huge amount of money to throw away just for the sake of driving a car with the latest number plate. You would be much better off buying a car that is three to five years old. Not only has the most damaging part of depreciation already taken place, but it is still new enough to have much of the latest technology for comfort and economy.

Some cars may even still be within their manufacturer’s warranty period, allowing you to purchase with peace of mind.

Hopefully, these four ideas have given you some food for thought as to where you should invest your money for your future. Plan your decisions carefully, keep the future in mind, and you can’t go wrong.

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