While in your twenties, you need to plan for the self-care you will have in the future. Always look and feel your best. While you may be comfortable with your looks now, that could change in a decade or two, so you need to be prepared financially for treatments you may need. Below are ways to begin budgeting for your self-care now so you can have the treatments you desire later.
Start Saving Now
The first thing you need to do in your twenties is start building your savings now. You want to access money when needed, so you don’t want it locked away in your accounts. A general savings plan for these funds is a great place to start and begin storing your money for self-care. Of all the income you earn, you should put at least 20 percent of it into savings to start building those savings up quickly during this decade.
Prepare For Future Healthcare Needs
Depending on your current health, you may not feel as though you’ll have a lot of health needs, but you can look to your parents and see what to expect. As you get diagnosed with disorders, you will need medication, and you could adopt some of the same ones that your parents have. Also, you may need treatments for teeth and dental work, which is something a lot of folks forget to budget for until they are told they need an unexpected surgery or treatment. According to New Mouth, between 15% and 53% of people will require orthodontic treatment in their lifetime, and these expenses can get expensive when they’re stacked up.
Keep in mind that some of these treatments may be due to hereditary issues and you get them from your parents. You could also have an accident or some tragedy that requires these treatments later, and you need funds to cover them. While you will have health insurance to cover part of these surgeries, you will still be responsible for a portion of them, and those considered elective will be at your own cost.
Cosmetic Surgeries and Needs
Another set of treatments you may want is cosmetic surgery and treatments. According to Forbes, while cosmetic surgery is available to everyone, women make up 94% of all procedures. These can be everything from Botox injections and laser hair removal to larger treatments like breast implants and nose restructuring surgeries. These could be done for medical reasons like if someone has developed breast cancer or if there is a health issue with the septum in their nose.
However, sometimes they want these procedures to feel better. According to StudyFinds, 59% of people aren’t happy with their skin, and you should have the opportunity to feel comfortable all the time. With cosmetic surgery, skin removals from excess weight loss, or even a tummy tuck for women who have had several children, there is something out there for everyone. You can use your savings to help you feel better and improve your quality of life.
Embrace a Side Hustle
If you are having trouble managing savings or want to expand on that number during your twenties, take this time to embrace a second job or skill set that can bring in a second income. This is the time when young adults find out what makes them passionate and excited, and side hustles are great ways for you to explore your passion and earn some money from it. If you want, you can add all the income from those jobs to your savings so that you maximize that number and stay prepared.
Prepare Yourself For Self-Care
With people having longer lives in the U.S. than ever before, it is a good time to consider having savings for your own healthcare in the future. Even with health insurance, you’ll still have to pay some of the costs, and you aren’t sure what the future holds. With a self-care savings account prepared, you will have the funds to help with these expenses in the future.