Wednesday, 7 June 2017

Why Is Growing Up So Expensive?

Do you remember being a child and wishing to grow up to be allowed to eat anything you wanted and stay up late? Most adults, when they finally embrace the multiple responsibilities and challenges of the grown-up life, wish that they could be children again. It’s not specifically the responsibilities that adults dislike – after all, with great responsibilities comes great power too. It is the cost of the adult life. When you become a grown-up, you rapidly realise that everything has a price. That, somehow, doesn’t match your childhood dream of growing up to be free. Nevertheless, while everything is costly, it doesn’t mean that you can find ways to make significant savings. Indeed, there are costs that you can actively limit, such as your energy bills. All you need to do is to look at for solutions to reduce energy waste, whether it is improving your insulation system or turning off the lights when you leave a room. Similarly, shopping bills can be reduced too. It’s easy; you simply need to find something else to do on a rainy Saturday – yes, it does sound boring, but your bank account will be grateful.
But there are other costs. Costs that you can’t avoid. Costs that pave the way to adulthood. Indeed, being an adult means that you start to have serious relationships – and maybe find your Mr. or Mrs. Right. You also climb the property ladder and become a homeowner. Maybe, at a later point, you will have children, and you will be responsible for the health of your family. All these stages of your adult life are more expensive than they should! Maybe being an adult is about making it through without accumulating debts, like some giant Monopoly game.   

Getting Married: Why Is Love So Expensive?

Could there be anything more wonderful than planning your wedding with the person you love? However, according to wedding experts, getting married is more than just an act of love. In average, weddings in the UK cost above £30,000. That is the equivalent of a one-year pay for most of the young professionals. Fortunately, as the saying goes, you get only married once – technically, you can get married as often as you want to, assuming it’s not all at the same time; yet it’s likely that you won’t be able to afford a proper dream like wedding day often. Nevertheless, from the engagement ring to the catering on your big day, getting married can be the conclusion of several years of saving.

The Costly Steps On The Property Ladder

Becoming a homeowner is the moment where you can finally wave goodbye to all the limitations of the tenant’s life. Finally, it’s your home, and you can do what you please with it, including painting the walls in the most outrageous colours. Admittedly, with this new freedom comes new responsibilities. You need to look after your home and to ensure that it is always in the best of conditions. In reality, the costs associated with a home related to moving in, improving it, and upgrading it. If you thought that buying a house what all the expenses you had to deal with, you were wrong.

Moving House

Picture the scene, you’ve bought a new house. You’ve already sorted out the mortgage agreement. All you have to do is move house. Sounds simple? It isn’t! Moving house means that you first need to pack all your belongings – you can thank B&Q or IKEA for all the boxes –, sell everything that you know you won’t need. Only then can you get in touch with a moving company, either to rent a van or to organise the move, depending on how much you have and how involved you want to be. Most first-time homeowners consider planning the move with their individual car, several friends and a lot of motivation. While it might seem to be cheaper than working with professionals, it might be in fact just as expensive, if not more. You need to take the cost of fuel into account – especially if you spend a lot of time drive back and forth between two properties – the cost of food and drinks that will be consumed during the move, the cost of hotels and restaurants if you are driving a long distance, etc.

Improving Your Home For Comfort And Safety

It’s not uncommon to have to think of home improvement projects when you buy your first home. Certain projects can’t be delayed, such as fixing the roof or modernising the kitchen with new appliances. Consequently, you might find that your savings are not stretching far enough for it. Whether you consider a short-term loan or a DIY approach with repurposed material, is entirely up to you. More often than not, homeowners include the estimated cost of essential improvement works directly into their mortgage agreement.

Buying A New Home

The last kind of cost you will have about houses is when you decide to step up the property ladder and buy something bigger, or in a better location. In other words, you buy more expensive. While you may partially finance your new house by selling your previous property, things rarely run as smoothly as you might hope. For a start, it’s likely that you will have to add value to your old home with smart renovation and improvement projects, such as an en-suite bathroom, a swimming pool, or even brand new energy-saving windows. If you want to sell the house at a good price, you need to invest in it. Yes, that means more costs. You’re never done spending when you have your home.