{"id":11733,"date":"2021-08-05T18:45:59","date_gmt":"2021-08-05T18:45:59","guid":{"rendered":"https:\/\/blog.foresters.com\/?p=11733"},"modified":"2025-11-13T15:05:57","modified_gmt":"2025-11-13T15:05:57","slug":"is-your-financial-house-in-order","status":"publish","type":"post","link":"https:\/\/blog.foresters.com\/en-gb\/peresonal-finance\/is-your-financial-house-in-order\/","title":{"rendered":"Is your financial house in order?"},"content":{"rendered":"\r\n

There is no question that the pandemic has impacted the personal finances of millions of people. Now that things are beginning to shift back to a more normal way of life for many of us, it\u2019s time to figure out how to get your financial house back in order.

Here are a few tips and ideas from several financial experts interviewed by Forbes1<\/sup> magazine.<\/p>\r\n\r\n\r\n\r\n

1. Reevaluate your plans<\/strong>. Everything has changed, so it\u2019s possible your goals, risk tolerance or needs have too. Even if you have a financial plan in place, it\u2019s always a good idea to reevaluate on a regular basis to make sure your strategy is helping you work towards your goals.<\/p>\r\n\r\n\r\n\r\n

2. Examine your budget<\/strong>. Start by looking at how much money you have coming in and what you\u2019re currently spending it on. If you experienced a job loss or furlough during the pandemic, the budget you had in 2019 might need updating. If you don\u2019t have a household budget, now is the time to make one \u2014 and it couldn\u2019t be easier with these seven steps<\/a>!\u00a0<\/p>\r\n\r\n\r\n\r\n

3. Live within your means<\/strong>. Many people were forced to cut back due to financial constraints during the pandemic, and while that\u2019s never easy, being at home may have reduced impulse buys and other spending. As pandemic-related restrictions are lifted, it may be tempting to go back to enjoying all those little extras we used to \u2014 but now may not be the time to splurge. Allow for \u201cfun\u201d in your budget, but just make sure you are sticking to an amount that works for you.<\/p>\r\n\r\n\r\n\r\n

4. Take a look at your emergency fund<\/strong>. The recommendation for an emergency fund \u2014 enough to carry you through an unexpected financial crisis \u2014 used to be three to six months\u2019 worth of essential expenses. The pandemic has taught us that six months to a year is probably a much safer amount. However, that can be challenging for people who are already struggling, so just go slow. Build your security net by putting some savings aside each month for unexpected expenses.<\/p>\r\n\r\n\r\n\r\n

5. Make sure you have a will<\/strong>. There are lots of good reasons why you should have a will<\/a>, but one of them is that it\u2019s less expensive for your family when they don\u2019t have to hire lawyers to determine where your possessions and assets should go. Having your affairs in order can bring you peace of mind now and help protect your family\u2019s finances in the future. To make things easier, Foresters members have access to LawAssure, a complimentary online document preparation service that enables them to create wills, powers of attorney and prepare healthcare directives.<\/p>\r\n\r\n\r\n\r\n

6. Save for retirement<\/strong>. It is going to be very tempting to treat yourself by going on a buying spree after the stressful year and a half we\u2019ve had, but focusing on your future will serve you better in the long run.<\/p>\r\n\r\n\r\n\r\n

7. Protect your family<\/strong>. Insurance helps protect the people who rely on you financially. Visit Foresters Financial<\/a> for information on the different types of insurance available. If you already have insurance, this is a good time to review your existing coverage<\/a> to ensure that you still have the protection you and your family need.<\/p>\r\n\r\n\r\n\r\n\r\n\r\n

The following articles can help you save money, get good deals on things you need and help you navigate your way through challenging financial times:<\/p>\r\n\r\n\r\n\r\n\r\n\r\n

 <\/p>\r\n\r\n\r\n\r\n

SOURCES<\/p>\r\n\r\n\r\n\r\n

1 <\/sup>https:\/\/metro.co.uk\/2021\/05\/19\/how-to-budget-and-monitor-spending-now-lockdown-is-lifting-14602244\/<\/a><\/p>\r\n","protected":false},"excerpt":{"rendered":"

Take control with these post-pandemic budget tips.<\/p>\n","protected":false},"author":10,"featured_media":11705,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1946],"tags":[1966,1993,1955,1994,1947],"class_list":{"0":"post-11733","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-peresonal-finance","8":"tag-budget-3","9":"tag-estate-planning-2","10":"tag-life-insurance-3","11":"tag-personal-finance-3","12":"tag-wills-2"},"yoast_head":"\nIs your financial house in order? - Membership Matters<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Is your financial house in order? - Membership Matters\" \/>\n<meta property=\"og:description\" content=\"Take control with these post-pandemic budget tips.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/blog.foresters.com\/en-gb\/peresonal-finance\/is-your-financial-house-in-order\/\" \/>\n<meta property=\"og:site_name\" content=\"Membership Matters\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Foresters\" \/>\n<meta property=\"article:published_time\" content=\"2021-08-05T18:45:59+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-11-13T15:05:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/forestersblogcdnp.azureedge.net\/uploads\/2021\/08\/NA-Article-Is-your-financial-house-in-order-630x300-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"630\" \/>\n\t<meta property=\"og:image:height\" content=\"300\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Foresters Financial\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@weareforesters\" \/>\n<meta name=\"twitter:site\" content=\"@weareforesters\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Foresters Financial\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/blog.foresters.com\/en-gb\/peresonal-finance\/is-your-financial-house-in-order\/\",\"url\":\"https:\/\/blog.foresters.com\/en-gb\/peresonal-finance\/is-your-financial-house-in-order\/\",\"name\":\"Is your financial house in order? 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