Managing your financial condition is hard at any age. Every stage of life introduces new challenges and problems. You need to proper planning to address these issues. And here’s what you need.
Below, you will find practical and actionable financial advice for each decade of your life.
The Evergreen Twenties
- Make a list of your possessions. Include the things you own and everything you owe.
- Find out your credit score.You may not have a lot of things in your credit report, but it’s good to know.
- Create a budget for your first paycheck.Divide the budget into three categories – savings, necessary and others. Start with your savings, allocate the necessary expenses and then assign the rest to fun and other activities.
- While it is not appropriate to start investing in this age, you should open a retirement account. Opening the account early will yield you a bigger amount when you actually retire.
Into Your Thirties
- Start with a career audit. Find out whether you are happy with your current position, salary and other benefits.
- If you are interested in starting your own business, this is the time to start the groundwork.
- Open an IRA account. Take a look at your 401(k)s and find out if it’s possible to merge them with the IRA account.
- If you haven’t done already, this is the perfect time to start thinking about the renting vs. buying equation. Using a reliable rent vs. buy calculator could be helpful too.
- And if you have a significant other, this is also the time to get started with the future planning. Decide whether you want to get married, have kids, manage finance etc.
Cruising the Forties
- At this age, you should be serious about saving. Know what your current saving rate is and stay on top of your assets.
- You should also consider whether you have anyone dependent on you. If that’s true, you should seriously consider getting a life insurance.
- This is also the ideal time to get started with your estate plan. The plan should include your medical decisions, money and belongings.
Passing the Fifties
- Now that you are in your fifties, you need to start thinking about your retirements. You can use a retirement calculator to get a basic idea about the necessities.
- This age also requires you to curt the financial cord for your children. If you are not ready to do this, at least start talking about it.
- Since you have passed the most part of your life, you now need to start thinking about the long-term care plans. Do some research and know about the available options.
- This is the perfect time to start diversifying your investments. As you will need the invested money in the near future, move some of them to the lower risk fields.
- You should also start preparing for the retirement. Think about the available options and gather the requirements. Make sure that you are considering the options based on your available capital.
- Your retirement expenses are likely to be covered from multiple sources including your investments, social security and other potential sources. Start looking for a reliable tax accountant to sort the things for you.
Finally, the Seventies
- Whether you like it or not, you are required to finalize you will at this age. Make sure that it is up-to-date and includes your current situations.
- If you haven’t done already, this is high time you have actively considered a career exit plan. Decide how you want to do it and take the necessary steps.
- At this age, it is very important that you are managing your belongings and other income sources properly. Creating a budget could be very helpful for you.
Wrapping It Up…
If you have got your finance under control, you are more likely to enjoy a peaceful and stress-free life. Follow the advice for your age group and make the plans for the next groups. And if you have anything to add here, let me know by leaving a comment below.
If you want to have a perfect sleep, you will need a dark bedroom. The absence of light will help your brain to produce more melatonin, which is the necessary hormone for initiating the sleep cycle.
While a dark bedroom is good for the sleep, what if the bedroom remains dark during the day time too?
That will not look good in most cases. Despite being a common problem, making your bedroom brighter is not an easy task. Things like fewer windows, shades by nearby building or other structures etc. will always prevent daylight from entering into your bedroom.
But that doesn’t mean you can’t do anything about brightening your bedroom. There are some insider tricks you can use to make your bedroom look brighter. In this post, I have collected the top 5 tricks to make your bedroom look brighter. Let’s see which they are, shall we?
Use Lamps with a Plan
If your bedroom is not getting the necessary amount of daylight, you need to provide some yourself. However, don’t just set up one lamp and expect it to do all the work. Unless your bedroom is really simple, having only one lamp will create shadows and make the room darker. Instead, use at least two or more light sources in the bedroom.
Choose an Appropriate Wall Color
Contrary to popular belief, using light colors in a dark bedroom will not make it bright. Using light color on the wall might make a small room look bigger, but it doesn’t have any positive impact on a dark room. These colors will reflect the light when your room is properly illuminated. But for a darker bedroom, you should always go for a highly saturated, mid-tone color.
Make Use of the Mirror
Regardless of the light level in your bedroom, you will always need a mirror in your bedroom. Before you head out, you need to make sure that you look fit for the day. And in a darker bedroom, having a mirror will also be helpful in reflecting the light. If possible, hanging the mirror against the window is the best way to make your bedroom brighter.
Pick the Proper Window Covering
When you have a dark bedroom, you shouldn’t go for heavy window covering or draperies which prevent the natural light form entering into your bedroom.
Rather, you should choose light draperies over a blind. This will allow you to have complete privacy at night, while having the maximum light during the daytime. This will also create a strong contrast against the strong wall color.
Choose the Ideal Accessories
Choosing the proper accessories can play a significant role in making a bedroom look brighter. If you have used a bright or saturated mid-tone color on the walls, choosing medium finish for the furniture will create a nice contrast.
For the bedding and other accessories, you can safely choose white or other lighter colors. Along with making the most of the day light, these colors will also make your room visually attractive.
Only because your bedroom receives less sunlight doesn’t make it a bad place. On the positive side, your bedroom will stay cool in the summer and won’t wake you up with the bright sunrays. If your bedroom is on the dark side, follow the tips provided above to make it look brighter.