What’s Next After Your Children Have Moved Away From Home?
For all of us, there comes that day when your last child has moved away to go to college, get married, enter military service or simply get a place of their own. No matter how long you’ve prepared for this, anticipated it, or even looked forward to it to some extent, it’s always an adjustment.
This is sometimes referred to as an empty nest, which can be an unfortunate term since it implies your home is empty, which it is not. A better term might be one that’s been coined as the third chapter since that implies new pages that are ready to be filled.
This is sometimes referred to as an empty nest, which can be an unfortunate term since it implies your home is empty, which it is not. A better term might be one that’s been coined as the third chapter since that implies new pages that are ready to be filled.
Travel
Travel is usually the first thing people do when they no longer have the responsibility of having children at home. International travel is a dream for many, and the lure of exotic and romantic destinations is easier to turn into reality thanks to online booking sites.
All-in-one travel booking sites, like Expedia, Orbitz, and Priceline, allow you to book airfare, hotels, and rental cars all on the same site. You can coordinate travel easier that way. You can also plan the points you want to see, buy rail tickets, and even make dining reservations online.
If you want to go someplace fun where you can just be a kid again, consider Disney World in Orlando, Florida. Take advantage of Disney travel information sites like MouseLifeToday to learn how to make your visit and stay there more affordable and arrangements more convenient.
All-in-one travel booking sites, like Expedia, Orbitz, and Priceline, allow you to book airfare, hotels, and rental cars all on the same site. You can coordinate travel easier that way. You can also plan the points you want to see, buy rail tickets, and even make dining reservations online.
If you want to go someplace fun where you can just be a kid again, consider Disney World in Orlando, Florida. Take advantage of Disney travel information sites like MouseLifeToday to learn how to make your visit and stay there more affordable and arrangements more convenient.
Redesign Your Home
Once your children have homes of their own, it’s time to redesign your own home to suit your new way of life. You may want to turn that bedroom into a gym, craft room, or home office. If you can, knock down the wall between two rooms to make an even bigger space to accommodate its new use. You can remodel your kitchen with upgraded appliances to become more of a chef’s kitchen if you’re ready to learn gourmet cooking or professional baking.
You can begin recreating your outside space from a recreational area to something that aligns more with what you have planned going forward, like cultivating a garden, bringing in a work shed, or even installing a tennis court.
Home upgrades will require you to keep track of construction and financing paperwork, receipts and images. This will become important when you’re ready to sell your home in order to confirm your expenditures for your home’s appraisal.
You can begin recreating your outside space from a recreational area to something that aligns more with what you have planned going forward, like cultivating a garden, bringing in a work shed, or even installing a tennis court.
Home upgrades will require you to keep track of construction and financing paperwork, receipts and images. This will become important when you’re ready to sell your home in order to confirm your expenditures for your home’s appraisal.
Consider Downsizing
Downsizing, or simplifying your life by getting rid of excess possessions, can offer many benefits. First, downsizing can help reduce clutter and create a more orderly living space, which can lead to reduced stress and improved mental health. Second, downsizing can save money, as having fewer things means you need less space to store them, can cut down on utility bills and can enable you to sell items for a profit. Third, downsizing can be good for the environment and sustainability, with fewer possessions ending up in landfills, less consumption of natural resources, and less production of waste. Finally, downsizing can offer a fresh start, enabling a focus on the most important things in life, such as experiences and relationships, rather than material possessions.
Renting can be beneficial when downsizing as it allows for flexibility and reduced responsibility, with fewer maintenance and repair obligations, and no long-term commitment to a property or location. You can find a rental that suits your needs by viewing online listings in your target area. Some listings offer virtual tours so you won’t be required to view every potential property in person.
Renting can be beneficial when downsizing as it allows for flexibility and reduced responsibility, with fewer maintenance and repair obligations, and no long-term commitment to a property or location. You can find a rental that suits your needs by viewing online listings in your target area. Some listings offer virtual tours so you won’t be required to view every potential property in person.
Time to Start Your Own Business
This is a great time to turn your years of experience, talent, and skill into a business of your own. Now that you have more time and presumably fewer expenses, it can be the perfect time of your life to make that dream a reality.
Create a business plan to include exactly how you’ll create it step-by-step, including market research, funding, advertising, and long-and short-term goals.
You can reduce the risk of jeopardizing your personal assets like your home, car, and savings by structuring the business as a limited liability company. An LLC creates a wall between your personal and business finances. You won’t need an attorney to form an LLC in North Carolina when you work with a formation service.
Whether you plan to travel, redesign your home, downsize into a rental, create your own business, or start doing volunteer work, it’s important you not look at this point in your life as the end of something, just turning the page to a new chapter. It can be the start of something truly wonderful and exciting.
Triangle Advisors Group can create a customized retirement and estate plan to preserve your assets and achieve your financial goals.
Create a business plan to include exactly how you’ll create it step-by-step, including market research, funding, advertising, and long-and short-term goals.
You can reduce the risk of jeopardizing your personal assets like your home, car, and savings by structuring the business as a limited liability company. An LLC creates a wall between your personal and business finances. You won’t need an attorney to form an LLC in North Carolina when you work with a formation service.
Whether you plan to travel, redesign your home, downsize into a rental, create your own business, or start doing volunteer work, it’s important you not look at this point in your life as the end of something, just turning the page to a new chapter. It can be the start of something truly wonderful and exciting.
Triangle Advisors Group can create a customized retirement and estate plan to preserve your assets and achieve your financial goals.