Once you’ve developed confidence in your healthy money mindset, it’s time to start thinking of the future. If you don’t plan for your financial future, you could end up suffering later on in life. For example if you fail to plan for retirement, you may not be able to take care of yourself. This burden could fall on your loved ones causing them financial stress, too.  Here’s how to create a beautiful financial future:

Pay off all your debt.

The first thing you want to do when planning for your financial future is to pay off all your debt. Maybe you think that you’re in a good financial place and that your debt doesn’t matter. But what happens if something changes in the next two years? What if you move from your high salary job to work at a startup company that can’t afford your old salary? What happens if you’re seriously injured in a car accident next month?

The truth is that everyone goes through different seasons with their finances. Sometimes, you’ll find yourself in a really great season and sometimes you won’t. That’s why it’s smart to plan ahead for your financial future.

Start your retirement fund.

Ideally, you should start planning for your retirement fund in your early twenties. However, it’s never too late to begin your retirement fund. If you’re not familiar with how retirement funds work, start educating yourself. Look for books on the topic and schedule an appointment with a financial adviser. Even if you can only put back a little bit of money for the time being, start a retirement fund today.

Create an education fund.

Your education fund isn’t about going back to college or getting certificates. It’s about having money to invest in yourself. You can use it to fund personal and professional development projects. For example if you decide that you’d like to run your own business but don’t know where to start, then you could use your education fund to hire a business coach.

You could also use your education fund to buy equipment and courses if you’d like to become a photographer. The point isn’t what you spend the money on. The point is that you’re bettering yourself personally and professionally.

Have a sunny day fund.

Everyone has heard the expression “save for a rainy day”, but you should also save for a sunny day. Sunny days are the ones where you decide to take a road trip in the middle of the week or spend a couple of days at the beach during the off-season. Your sunny day fund can be used for anything you find fun and enjoyable.

Part of having a healthy money mindset is planning for your future. With a plan in place, you can face financial ups and downs with confidence.

Does your financial future look stormy? Learn how to make it sunnier in your free downloadable workbook& journal