One thing’s for sure in this life: change is here to stay. We can be busy enough with our normal daily challenges, without the unexpected things that can come our way. Not all change is bad, however. There’s good things like having a baby or a surprise holiday or promotion.
This article looks at a few things we don’t necessarily think about in advance.
Sometimes we generate more rubbish than normal. Some things can be simply carried into our car, and taken to a rubbish disposal site. Other items are far too heavy or bulky for this, however. When it comes to dumpster sizes, this link says they can come as 10,20, 30 or 40 yard containers. If it’s a kitchen or bathroom renovation that’s creating the waste, a medium sized 15 yard dumpster may suffice. It’ll be able to remove two to three ton’s worth of rubbish.
The benefits of hiring a dumpster are that the disposal companies often get rid of everything responsibly. Whilst work is being done at home, a dumpster will provide a safe and contained area for unwanted items to be placed. Dumpsters can come in handy just before a house move, as it’s surprising how much unwanted trash exists in the home.
As with all insurance, it’s not until we need it that we think of it. Many countries require people to pay for their own medical cover. These costs are always on the rise, and are at their highest in the United States.
Whilst one may be young and healthy now, it’s important to plan for the future. There could be an accident or injury sustained, or a medical diagnosis. Hospital stays may be needed, and time off work during treatment and respite. With some medical conditions, homes have to be adapted to cope with ongoing medical issues.
Unexpected medical costs can cripple a family’s finances. It’s important to provide a contingency plan not just for oneself, but for one’s family. There are a number of different medical plans people can take out, including critical illness cover. The latter pays a fixed sum on diagnosis. The government encourages such insurance to be taken out, providing tax benefits to help fund the premiums.
Young people rarely feel the need to look at will provision. The scary thing is that if they don’t decide who will get their home and savings when they die, the law will decide. The same goes for who will care for your children if they are under 18.
Will makers can legally document a person’s final wishes. This will include who the executor will be (the person who administers the terms of the will). The will might say who will become the childrens’ guardian, and how their savings must be held in trust until they reach 18.
In the United Kingdom as with some other countries, a will reduces the tax people pay on receiving an inheritance from the deceased person.
A person can state in the will if they wish to be buried or cremated. Special provisions can allocate items or funds to non family members or charities. These might be family heirlooms and keepsakes.
Some businesses pay all or some of their employees’ pension contributions while they work. Not everyone has such things in place, however. It’s essential for people to know they will have enough income and savings for their retirement. There may be additional medical fees and expenses to anticipate.
On retirement, pension payers receive a lump sum followed by regular monthly payments. Some governments including the UK provide tax relief on the premium contributions.
Funeral plan providers
Sadly, death is inevitable but there are ways we can soften the blow for our loved ones. Funeral plans allow people to pay the fees upfront. These expenses can run into thousands of dollars.
Our loved ones will reap the benefits of the plan being put in place. There will be less things to organise or pay for at the time. The deceased can state in advance whether they wish to be buried or cremated. They can even pay for the headstone and casket beforehand.
There are several plans for people to consider taking out. They can include trusts and whole life policies which are designed to pay the fees on death. Some more expensive funeral plans even incorporate an element of final medical care for the assured.
Life is a varied experience, and we can be surprised where it will take us. If we are responsible for both ourselves and our loved ones, we can make things run more smoothly. Fortunately there are schemes, plans and providers who can assist us in that journey.