Build Your Bucket List

7 October 2020

1. How disappointed are we? 

Before Covid-19, you probably felt free to fill up your bucket list with anything you could responsibly budget for. But it’s possible that not all of those items were of equal importance to you. A trip to New York that you and your spouse had been planning for years is probably dear to your heart. A spur-of-the-moment booking for a package week trip, maybe not so much. 

If you’re sifting through a bunch of returns, refunds, and cancellations right now, think about how you really feel about those disrupted plans. Are you disappointed? Indifferent? Relieved to be getting that money back? Is this a trip that should stay on the family bucket list? Or would you rather use those funds to add something even more special to a trip everyone really wants to take? Sure, a package week away could be fun. But an extra night at a five-star resort might be unforgettable. 

2. Why did we want to do this? 

If you’re trying to sell your children on a substitute for Disney World … well, good luck. Keep that trip on the bucket list for next year.


But the motivations behind some of your other bucket list items might not be as clear-cut as riding roller coasters or visiting a favourite beach. Was this bucket list item a true dream destination, or was it just a pit stop on your way to somewhere else? Were you just looking for a reason to cash in some saved vacation days? Is this really an activity your children will enjoy? Are you forcing a trip – any trip – just because you want your whole family to do something together? 

3. What can we do instead? 

Some of your answers might lead you to alternative fun closer to home. If the real purpose of a trip was golf, the money you’re saving on travel could buy you quite a few rounds at a nice course within driving distance. Buy a couple lessons while you’re at it and you might enjoy that dream round even more when you finally tee up.


You might not feel comfortable packing up the camper and heading to the stunning Scottish Highlands right now. But the National Trust system is more extensive than many people realise. There’s probably a scenic spot closer to home that you’ve never explored before.


Many families are also adapting to Covid-19 by focusing on new, short-term bucket list items. If you’re not going to travel this summer, you could take online classes and learn an instrument.


Rescheduling your trip to the Canary Islands? Take family Spanish lessons so you’ll have an easier time getting around when you do go. Get serious about your exercise goals and develop a running or cycling regiment you can stick to. Set a family reading challenge. Could you learn to cook a new French meal every week? Basketball camp might be cancelled, but the hoop above your garage is still there. How high can your daughter increase her free throw percentage before the end of summer?


There are no perfect substitutes for all your bucket list items during Covid-19. But with a little flexibility and some creativity, your family can still have a fun and fulfilling summer.


And if you need one more activity to round out your week, schedule a family brainstorming session for trips that are staying on the bucket list. Let everyone share their ideas on how to make the trip you couldn’t take this year into an even better trip next year. Planning ahead will give everyone something to look forward to.


Is there anything we can do to help you make progress on your bucket list? Don’t hesitate to call us up if you want revisit your £Lifeline or start budgeting for all the summers still ahead of you and your family.


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by Gary Arthurs 26 February 2025
We set out with the best intentions, but.........
blog post
4 May 2021
Is a financial check-up on your Spring-Cleaning list? Once you've tidied your lawn and emptied that out-of-control closet, let some fresh air into your home office and use these six tips to freshen up how you spend, save, and plan for the future. In our experience ensuring that clients remain confident in their financial situation now and going forward is important and setting aside some time, maybe a morning, is well worth it for peace of mind. By drawing a financial line in the sand, we can model the impact of your “what if scenarios” on current and future finances. We would advise doing this once a year in “normal” times anyway, but the events of the last year have almost certainly impacted upon your finances and may indeed have completely changed the way that you think about your future. 1. Pay yourself first. Making automatic contributions into your insurance, savings, investment, and pensions is a small budget adjustment that can go a long way towards building wealth over time. Is there extra money in your monthly cash flow that you could use to increase those investments? Do you want to save/invest more now - or enjoy a treat, break, holiday? How much extra could you contribute per year if you went from five coffee shop visits per week down to two, or started packing your lunch every day? Your life - your choice. 2. Review your monthly statements. Automating your investments and bill payments doesn't mean that you never have to check on them. Get back in the habit of reviewing your monthly bank and credit card statements. Make a list of all your recurring charges and subscriptions and consider cancelling anything you're not using enough to justify the expense. Also review the terms and conditions of your accounts and be sure you understand what fees, if any, your financial institutions might be charging you and what benefits you might be overlooking 3. Shop around. And if you don't like those fees? Of if the cost of your Satellite/Internet/Streaming TV bundles have shot up unexpectedly? Or if you never get near the data cap on your mobile phone/tablet service? There might be better deals elsewhere. Do a little comparison shopping, and don't be afraid to play some hardball if you can find ways to save a few pounds every month. 4. Check your credit report and score. You can also use a free credit score service to see where you stand with potential lenders and check for any major fluctuations in your score, which could be another indicator of fraud. Together, these reports will help limit any surprises if you're preparing for a big purchase in the coming year, such as a car or new home. Many such services also offer key services and options for loans, credit card rates etc 5. Scan and shred. Digitising your financial records can save space and simplify tax season. There are many apps and online services that can help you replace your filing cabinet with a cloud-backed folder, but snapping pictures of important documents with your cell phone is an easy way to get started. Once you've backed up your statements and receipts you can shred anything that's over three years old. Also review your hard copy filing system and make sure that your birth and marriage certificates, National Insurance cards, insurance policies, and Will are stored safely. 6. Talk to your financial planner. How have your short-term and long-term financial goals changed in the last year? Are you thinking about making a career change? Are your teenagers scouting colleges and universities? Is there a new baby on the way? Do you want to start making a bigger impact in your community through sustained giving? Is this the year you’re finally going to start your own company? Do you or your spouse have any new health care concerns? We use your answers to these kinds of questions to guide our Life-Centered Planning process. Annually, it’s a good idea to check if dust is settling on some out-of-date plans or if the path to any of your financial goals is feeling a little cluttered. Give us a call and we’ll schedule a meeting to shake off some cobwebs and put a fresh shine on the year ahead.
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