How to improve financial wellness: Prepare for a secure future

Now is a great time to focus on planning for the future. Whether it’s teaching children about money, creating a safety net, or securing your retirement, small actions today can lead to a brighter tomorrow.

So how can you prepare for what lies ahead?

Talk to a child about money

Children begin to learn about money from a young age, and parents or carers play a key role in shaping their financial habits. MoneyHelper offers age-specific tips for talking to kids about money, while Mental Health UK’s guide provides helpful conversation starters.

Take action:
Younger children can learn the basics, like identifying coins and understanding that things cost money.
Make it fun with simple games, role-playing, or even pretend shops.
As children get older, introduce concepts like budgeting, saving, and the value of earning money.

Start an emergency fund

Life is full of unexpected twists, and having a financial safety net can make all the difference. Experts recommend setting aside three to six months’ worth of salary for emergencies. While building this fund might seem daunting, starting small is key.

Take action:
Set aside even a small amount each month—it adds up over time.
Set up automatic transfers to make saving consistent and hassle-free.
Resources like money.co.uk offer tips to help you begin and maintain an emergency fund.

Check your pension status

Planning for retirement ensures you can enjoy your later years comfortably. Regularly reviewing your pension status can help you stay on track to meet your retirement goals.

Take action:
Look into your state, employer, and personal pensions to see how they’re performing.
The gov.uk website has a handy state pension forecast tool to see if your savings are on track.
If your pension isn’t where it should be, consider increasing contributions or seeking professional advice.

Start small and stay consistent—your future self will thank you!

For further help, support and direct financial assistance for people of reduced financial means, facing hardship, contact our friendly team on support@theprintingcharity.org.uk or 01293 542 820 to discuss our available support. The ways we can help starts with a conversation. We’re here for you.

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