When you play a financial game, which let’s face it, we all need to from time to time or in some cases all the time, we have to think several moves ahead. When you become proficient at the financial game, you start thinking twenty or thirty moves ahead and how that one move an change the state of play at any moment.
Here’s an example of thinking many financial moves ahead. You have a school age child, you have one move to think of …..how am I going to feed them today? Several moves ahead, childcare, school transport cost, school uniform, school supplies, school trips, out growing uniform, PE kit and you know these ‘moves’ are ahead in the game and yet some of us can get caught out by an opponents move as if we didn’t expect it to happen. One move though and it will happen.
A financial strategy that can be a starting point for anyone is food planning. We get paid monthly and on my pay day, I buy major purchases for the month. I cook a Sunday lunch every week and my meat for that meal is a major expense. So, this month I bought a shoulder of pork, a chicken, beef brisket joint and a leg of lamb…..that was all frozen. I get three meals out of each Sunday lunch and I’ve planned for the weeks ahead.
Also, when I get paid, I stock up on loo rolls, laundry liquid, dog food, toiletries, all of which are expensive and are bought and paid for when we’re paid.
Other forms of financial planning we practice are being well aware of insurance renewals, hair cuts, appliance renewal ( every eight years in most cases) car maintenance such as new tyre so and in our case regular holiday trips. There isn’t one case where a cost just happens or creeps up on you unless you ignore those future moves that will happen.
We’re now planning moves ten to thirty years in the future. We’re planning financially for our retirement which could happen in ten to twenty years. Ideally ten years on a reduced pension or to work on for a full pension. The moves will be partly of our own choosing but the opponent’s strategies are unknown to us but we can assume, health and political will. Even though we can’t predict every move, we can pre-empt that there will be some. It would be crazy to do nothing because we don’t know the future so we think a few moves ahead all the time.
Now, Dear Reader what financial plans can you make. Start with next week or for the rest of the month. It’s a start.
Love Froogs xxxxx