One of the most important things you can do for your finances is to be ready for what’s next. Whether you are preparing for being laid off, or need to protect your assets from the unexpected, it’s important be ready for what could be coming. Here are some great posts from the PF interwebs about how to get ready for what’s next:
What to Do When Laid Off – 5 Ways to Prepare for Job Loss
The prospect of unemployment is never fun, but you do need to think about it, and prepare yourself. Emma at Finance for a Freelance Life offers some insights into what you can do to ready yourself for a lay off.
Work For Yourself – How To Transition to Self Employment
A guest poster at Debt Free Adventure shares some insights into transitioning from being employed by “the man” to being self employed. Before you take the plunge, make sure you are ready — and that you’ve prepared the ground.
How to Recession Proof Your Life
Technically, we left the recession two years ago. However, you never know when one will come back. Glen at Free From Broke offers some helpful hints that can prevent you from being a victim of the next recession.
A Personal Directive gives direction for health care decisions
No, you don’t want to think about your own decline. However, you should be prepared. Jim Yih at Retire Happy Blog shares insights into writing a personal directive.
What is a Durable Healthcare Power of Attorney?
While your considering your health, and the possibility of death, you might want to learn more about power of attorney for health care. Jeff Rose at Good Financial Cents shares the ins and outs.
3 Ideas for Inexpensive Places to Retire
As you prepare for the phase of life known as retirement, you should consider costs. Emily at Moolanomy provides 3 ideas for places you can retire that should help you stretch your retirement dollars a little further.
Quick Tips for Reestablishing Your Credit
Michael guest posts at Len Penzo dot Com, sharing helpful tips for reestablishing your credit. These tips can help you get back on your feet financially.
10 Financial Lessons Your Kids Need to Learn
Prepare your children for what’s next in the real world of personal finances. Janet at Credit, Eh offers 10 ideas for lessons that every kid should learn before he or she leaves home.
Other Personal Finance Posts
Here are a few more great posts from around the PF blogosphere:
- Review: Bankrate.com Brokerage Account Comparison at PF Firewall.
- Disability Insurance: Is It a Waste of Money for Young People? at Green Panda Treehouse.
- Credit Sesame: Free Credit Score Based on Experian at My Money Blog.
- Mutual Fund Holdings – What’s Inside Your Fund? at Wealth Pilgrim.
- Student Budgeting Tips at Everything Finance.
- Gardening Tips for Beginners like Me at Sustainable Personal Finance.
- Job Hunting Hints: Dress For A Job Fair at THE Canadian Personal Finance Blog.
Image source: sxc.hu
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It’s impossible to plan for everything but the posts above can help you get your house in order. In order to be financially prepared for the future, the key is to keep debt low and have about 6 months of savings on hand. If you have tons of savings and high debt levels, those monthly repayments will eat into savings a rate you can’t believe. Work on your debt first because it’s more expensive – then add to your savings and you’ll be on your way.