The Hidden Costs Of Adulthood

*This is a collaborative post

It's funny isn't it, when your a child you dream about what it will be like when your a 'grown up'. I remember as a teenager I'd fall asleep hoping and wishing I could be an adult already.

Then you do grow up, and you dream about the days when you had no cares in the world, and you just wish you had slightly less responsibilities, less things going on in your head.

Even if you are aware of some of the responsibilities you might have when you are an adult, no one can really ever explain just how much responsibilities you will have. It's not a simple case of pay some bills, buy some food! There's water bills, gas bills, electric bills, rent or mortgage costs, tv licenses, fuel - the list goes on. But one cost a lot of us seem to forget is insurance.

There are many different types of insurance we need to be aware of as an adult. 

Home Insurance is different for everyone. If you are renting a property you might want to consider contents insurance. It will protect your personal items from acts such as fire or theft, and it can be a pretty affordable cost so it's definitely worthwhile. If you are in the process of buying, or have bought your home - you'll want to consider purchasing home insurance, and possibly mortgage protection insurance too. 

Life Insurance is very important, but if I'm being honest, it's only when you have children of your own that you really begin to think about it. You can purchase insurance for a little as £10 a month and it'll be a huge weight of your shoulders when you set it up. Life insurance protects your family, especially if they may face financial difficulty if something were to happen to you. It provides them with a non taxable amount of money at the time of death and you can live in peace knowing your family will be taken care of if something were to happen. 

Funeral Insurance 
I know it feels morbid to discuss, and it's not something I like to think about but being an adult means sometimes you have to do things you don't want to do. Creating funeral plans is hugely important as no one ever really know what's around the corner. Planning and paying for a funeral can be hugely expensive and may put a lot of pressure on your family. It's definitely worth researching to avoid financial strain and avoiding price inflation. 

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