ADVICE FOR YOUR BUCKET LIST

Do you know what a bucket list is? Most people think it is a list of things you want to do before you die. A typical guess is people want to visit a particular place before dying. Based on an unscientific poll about bucket lists, that is not a bad guess. Travel appears to be a frequent bucket list ambition.  Anne is an American who is proud her ancestors lived for centuries on the group of small islands in the English Channel between the southern coast of England and mainland Europe.

REDUCE STRESS, INCREASE ENJOYMENT FOR A HAPPY 2018

Family caregivers provide practical assistance and enhance the quality of life for frail seniors who might otherwise require placement in a long-term-care facility. Typically, caregivers are spouses or adult children, many of whom are seniors themselves. Their role involves physical, psychological, emotional and financial demands. It can be a heavy load.  If you are a caregiver, consider the following strategies for not only surviving but thriving in the year ahead.

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DISCOVER A LOVE OF LIFELONG LEARNING

Curiosity, exploring interests and engagement are a few crucial ingredients to healthy and happy longevity. Enrolling in a class just for the love of learning is a great way to do this. The Osher Lifelong Learning Institute (OLLI) at the University of Kentucky offers educational and enrichment courses, forums, shared interest groups, trips and more for adults age 50 years and older. Membership for the full year is $25; summer programs are at a prorated fee.

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Teach your children to save for a rainy day as well by putting their gift money or part of their allowance in the bank. By helping them be aware, you may find you step up more to the task.


SOURCES & RESOURCES:

www.bankrate.com

We all know we need to save money, but many of us put off saving. We need to develop a rainy day fund. Having a “rainy day fund” gives you the peace of mind of knowing you are secure and better prepared to meet unexpected expenses.


Bankrate’s Financial Security Index says 20 percent of individuals do not have any money saved. Only one person in five has sufficient funds to cover three months of expenses. Everyone should commit to saving even a small amount monthly. It will add up and become more useful over time.


A rainy day fund should not be confused with an emergency fund. An emergency fund is money saved for times of unemployment and extended illnesses, when it is necessary to find the money to pay everyday expenses such as a mortgage, groceries and utilities as well as medical bills. An emergency fund is usually a savings of $10,000 to $15,000.


Rainy day savings are far smaller. This is the money you use to pay for service when the washer or dryer breaks down or to cover a few sick days or an occasional unexpected doctor visit, car repair or prescription. It is not for funding a vacation or the purchase of a new car. A rainy day fund typically is $1,000 to $5,000.



SAVING FOR A RAINY DAY

To build your rainy day fund, you may want to cut expenses or create extra income. There are two kinds of “rain” here:


Predictable rain:

Car insurance, property tax, car registration – expenses you know are coming and how much they are.


Unpredictable rain:

You know the expense will come, you just don’t know how much or when.


Save for both.

Here are some strategies for starting a rainy day fund:


JEAN JEFFERS

Jean is an RN with MSN from the University of Cincinnati. She is a staff writer for Living Well 60 Plus and Health &Wellness magazines. She has an article in the Fall 2016 issue of Today’s Christian in the Mature Years.

more articles by jean jeffers