From budgeting, to work-life balance and even running your home - entering adulthood can be daunting. So, whether you’re a young adult looking for tips, or you’re looking to help out a loved one, we’ve got it all covered…
- 32% of people in the UK are worried about paying bills
- Brits behind on payments have higher levels of anxiety
- While financial stability is crucial, it’s not everything
Ever wish there was a starter guide for stepping into adulthood? Growing up and transitioning into adulthood is an exciting yet challenging phase of life. Often, we find ourselves thrust into the world of responsibilities without a roadmap, and many of us are expected to figure it out on our own. But there's a lot to learn as adulting can be a challenging journey filled with uncertainty and a steep learning curve…
Whether you're a young adult yourself, or a parent, grandparent, or guardian, helping your loved ones prepare for adult life, we’ve put together a comprehensive guide to help you seamlessly navigate this journey. Our guide aims to answer the most pressing questions around the theme of adulthood, from finances, work-life balance, securing your home and safeguarding your pets.
How do I manage my finances?
One of the first things we worry about as we step into adulthood is our finances, and it’s really important to manage this responsibly for long-term success. According to the Office for National Statistics (ONS), 49% of adults who have fallen behind on energy bills also have higher levels of anxiety.
Financial security is crucial for adulting successfully, but when it comes to managing money, it can seem like a bit of a minefield and become a daunting task. To gain confidence when managing your money, you should first create a tracker which includes your monthly incomings and outgoings (like groceries, rent/mortgage and bills). By doing this, you’ll be able to monitor your regular expenses and track whether you can save a portion of your income to go towards an emergency fund, or unexpected expenses. Plus, you can set some aside to TREAT YOURSELF.
And with bills increasing we also have got some great hacks on how to reduce your household energy usage which could save you a lot of money.
What should I know about renting?
Going for house/flat viewings can be really exciting, especially if it’s the first time you’re moving out - but it’s really important to be able to spot the red flags in properties. Some of the key things to keep in mind are:
Your nose knows - if there’s a funky odour, this could signify damp or mould which can cause structural damage as well as affecting your health.
Repair could equal despair - if the property looks like there’s a lot of work that needs doing, think twice before signing the contract.
If it’s too good to be true than it probably is – if the property is much cheaper than the market price, this could signify that there are some issues.
If you’d like some more useful tips on top of this, then check out our TikTok.
Once you’ve chosen your property, make sure you read and understand your contract thoroughly - especially terms related to rent increases, repairs, and lease duration. Keep a record of all communications with your landlord, and make sure any key communications are in writing. Set reminders for key dates to be aware of, so you’re not left surprised with any payments and can plan finances in advance.
If it’s not your first time renting, but you need a little refresher on things to keep in mind when moving - we also have a very useful moving home checklist.
How do I secure my home?Now that you’ve got rent figured out, you also need to think of how to keep your home safe. The last thing you want when moving homes is for something to happen to your new home or your belongings. Whether you’re renting or you’re a homeowner, you’ll need to have insurance in place for financial protection for your sanctuary and your stuff, should you need it.
Don’t forget to check out our home and contents insurance, and see what’s right for you.
How can I maintain a healthy work-life balance?To have a healthy and happy life, it’s important to keep a great work-life balance. So to make sure you’re one of them, prioritise self-care, set boundaries at work, and schedule regular exercise and leisure time. Remember that burnout can harm your career and well-being.
How can I protect my pets?Being the care-taker for anyone is a significant responsibility. If you have pets, make sure you take care of them properly by scheduling regular check-ups at the vet, as well as keeping on top of any vaccinations. Provide them with a balanced diet and clean water and keep them active. Oh, and don’t forget to get pet insurance to cover unexpected veterinary bills.
What are some common myths about adulthood?Last but not least, there are several misconceptions about adulthood that can lead to unnecessary stress, and we don’t want you to be stressed!
You should have it all figured out: It's okay not to have everything figured out. Adulting is a continuous learning process, no one expects you to know the answer to everything… and nobody does!
Financial success equals happiness: While financial stability is crucial, it doesn't guarantee happiness, nor can it be a measure of happiness. Focus on your well-being first and foremost, and manage your finances in a way that best suits you and your lifestyle.
You must do it alone: Asking for help is a sign of strength, not weakness. Seek guidance from trusted sources when needed, and remember your loved ones will always be there to support you.
Adulthood means leaving behind fun: Adult life is still enjoyable, so embrace responsibilities while nurturing your passions - remember adulthood is just the beginning of a different stage of your life.
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