Ad Disclosure

How To Prepare For Big Life Changes

Written by:

Adam Beckles

Edited by:

Kristin Marino

Updated on June 20, 2023

gold nest eggs After a certain age we begin to think about the future and what will come of it. Financially it’s important to start preparing early for things like retirement, but there are so many life events that you need to be financially prepared for anything.

College, a wedding, buying a home, having a baby, establishing a college fund, and family vacations are just a few of the life events that may await you. Do you know how you’ll manage all those important experiences? Here are a few ways to financially prepare for changes.

Save, save, then save some more. If you do not have any emergency savings, it is time to create one. Having emergency funds allows you to be financially prepared for the unexpected. Losing your job, unavoidable home improvements, car issues, or a medical crisis are just a few reasons why you might need extra cash.
If you’re planning on a particular life event such as buying a home, review your current lifestyle and make adjustments. Preparing for change might include going over your car insurance, grocery bill, and your spending habits. All these small adjustments could lead to big savings. Maybe it’s time to start clippings coupons, or renting movies instead of heading to the theater. Re-think how you live.
Invest for the long term. Usually when you hear advice about investing, you think stocks but that isn’t always the case. Invest in an IRA or your company’s 401k. Look into the benefits your company offers and how they could help you in the future. Some companies may offer scholarships for their employee’s children, or tuition reimbursement for current employees.
Pay down your debts to build better credit and be financially prepared for potential emergencies. Good credit can help you when applying for a home loan, financing a new car, setting up new accounts, and small business loans if you decide to become an entrepreneur. Having low balances can also help for emergency purchases. If you’re oppose to racking up your credit cards then a personal loan might be an option, and your good credit could help you get a lower interest rate.

The Takeaway

Life is full of challenges and unexpected moments, plan for them as best as you can. An emergency fund is by far the most important way to expect the unexpected. Preparing for changes such as a new home, children, or moving across the country can be planned by looking at your current lifestyle. Pay down your debts and invest in your future to put yourself ahead. AmONE can help you find financial solutions for all of life’s surprising moments. Whether you need a start-up business loan, personal loan, or credit counseling we can help you find the support you need.

Ad Disclosure

Advertiser Disclosure*. The financial products and services on this site are from advertisers from which AmONE receives compensation. Compensation may be based upon whether you click on certain links on this site or buy products or services from those advertisers. We do not receive compensation from consumers. The placement of advertisements on this site are based in part upon the compensation AmONE has or expects to receive from those advertisers. Placement of advertisements does not reflect our recommendation of any advertisers' products or services. Please consult a financial services professional before making any financial decisions. Our advertisers do not include all the financial products and service providers available in the marketplace.

Loan availability, rates, APRs (Annual Percentage Rate), and other terms vary by advertiser and borrower attributes, including borrower location. Lenders have a range of available APRs; only borrowers with excellent credit will qualify for the lower rates. As of 01/11/2024, our advertisers were offering loans to some consumers for as little as a 6.40% APR on a three-year $100,000 loan.

We do not provide financial products or services. Rather, AmONE provides administrative and marketplace services by attempting to connect consumers with service providers offering products and services such as debt settlement and personal loans. We do not take applications or make credit decisions. We may not be able to match you with any of our advertisers. Credit and other decisions and terms are determined by our advertisers based upon the consumer's submission of an application to the advertiser, which may obtain other information about the consumer from third parties. Approval for financial products and services by an advertiser is not guaranteed.

Get matched to your perfect loan and level up your money game.

Find My Loan

Ready to up your money game?

See my loan options

Why AmONE is Trusted By Millions for Their Loan Needs

Anyone can put together a group of lenders in a marketplace to offer people loans. We go beyond that. We not only partner with some of the best lenders around (like Citi, Rocket Loans, SoFi and so many more), we also work with partners who can help people like you go beyond a one-time loan. We connect you with the money programs you need to help you get real financial solutions in place that allow you to tackle your debt and money problems so you can move forward. Getting out from under debt to financial freedom is daunting and we're ready to help you every step of the way.

AI is the hottest thing around right now, but we know from our decades of experience in the personal finance space that the last thing someone wants to do is talk to a robot when they need real answers. Solving money problems can be stressful and daunting, so don't settle for generic responses and information that offers little real financial insights. Speak to one of our many support specialists who all work from an AmONE office right here in the U.S. and get the answers you really need to make better financial decisions.

We work hard to find loan offers for even the most challenging financial situations. With our large lender marketplace, we know we give everyone the best shot at getting the loan, debt and credit help they're hoping to find. Even when someone's credit is clearly poor or they hold a large amount of debt, we still get our customers in front of lenders to give them the best shot at securing the funds they need. When the unexpected happens and customers are rejected for loans, we still work with them to find other financial solutions that put them on the path to financial recovery so they can keep moving forward toward their money goals.