The start of a new year is the perfect moment to take stock of your finances, review the past twelve months, and plan ahead for the year to come. Knowing where your money is going – and what you want it to achieve – can help you feel in control, reduce stress, and free up funds for the things that matter most, whether that’s a holiday, hobbies, or gifts for your family.
Part of planning for 2026 could also include thinking about the future in a more practical way. Choosing a pure cremation with a funeral plan is a thoughtful step that ensures your family will not face unexpected costs when the time comes. This is a gift of peace of mind and financial security, letting your loved ones focus on remembering you, rather than covering funeral expenses.
Review your income and expenses
A clear understanding of your income and outgoings is the foundation of any financial plan. Start by looking at:
- Income: Pensions, salary, savings, dividends, or other sources.
- Expenses: Monthly bills, mortgage or rent, groceries, insurance, and other regular outgoings.
Reflecting on last year’s finances can highlight areas where you can make adjustments. If you share your finances with a partner, reviewing both personal and joint accounts together ensures you’re aware of any gaps or shortfalls.
It’s also a good time to review upcoming changes in bills or fees, which are often communicated in advance. Comparing suppliers – whether for energy, insurance, or broadband – can help you secure the best rates. Sites like MoneyHelper.org can help you make these comparisons and plan effectively.
Other ways to save could include taking advantage of age-related discounts. Reduced rates on public transport, lower car insurance premiums for drivers over 50, or leisure discounts can make a noticeable difference to your budget over time. Take a look at our free guide on 50 savings after 50 to find ways to save.
Small changes in daily spending, such as cutting unnecessary subscriptions, shopping smart, or cooking at home more often, can add up. Over a year, these savings can free up money for things that bring you joy, while also giving peace of mind for unexpected costs.
Create or update your financial plan
If you don’t yet have a comprehensive financial plan, now is an ideal time to create one. If you do, reviewing and updating it for 2026 will ensure it reflects your current situation and goals.
- A financial adviser can help you:
- Improve your investments for a steady income.
- Review and balance your finances.
- Plan for retirement or significant future expenses.
- Set realistic goals for saving, spending, or gifting.
Many banks offer free consultations with a financial planner, and organisations such as Citizens Advice can also provide guidance. Even if you prefer to manage your finances independently, speaking with a professional gives you a fresh perspective and may highlight opportunities you hadn’t considered.
Assess your funeral plan
It’s not always a subject we think about day to day, but planning your farewell is one of the most meaningful gifts you can give your family. A funeral plan through Pure Cremation allows you to:
- Lock in today’s prices and avoid future increases.
- Ensure your specific wishes, such as a direct cremation, are respected.
- Reduce the emotional burden on loved ones during a difficult time.
Our friendly team is here to answer questions and guide you through the process. Planning ahead brings reassurance for you and your family, allowing you to focus on what matters most while knowing practical arrangements are already in place.
Stay organised
Regular reviews and updates are key to staying on top of your finances. Checking in monthly, or at least quarterly, ensures your budget is on track and allows you to spot opportunities for savings or better deals.
Some tips to stay organised:
- Track your spending: A simple spreadsheet, notebook, or budgeting app can help you monitor incomings and outgoings.
- Plan ahead: Note due dates for bills or credit card payments so you avoid penalties and maximise benefits like cashback.
- Adjust as needed: Life changes, such as a new hobby, holiday, or increased costs, may require small adjustments throughout the year.
Save with purpose
Financial planning is about supporting the life you want to live. Whether your goals include travel, hobbies, or time with family, allocating money with purpose helps you achieve them.
Saving a little each month builds security and flexibility. Knowing that any lifestyle changes are intentional, rather than reactive, gives confidence and peace of mind.
This is also where a Pure Cremation plan can make a real difference. By choosing a pure cremation, you can save over £2,000 compared to a traditional funeral*, leaving more room in your budget for the things you love or helping you boost your savings further.
Keep up to date on government policy
Government policies can have a direct impact on your finances, particularly around pensions, taxes, and healthcare. Staying informed allows you to plan effectively and make adjustments when necessary.
For 2026, some areas to watch include:
- State Pension updates: Changes in eligibility age or amounts can affect your retirement planning.
- Tax rules: Inheritance tax thresholds, income tax bands, and allowances may influence estate planning.
- Healthcare funding: Adjustments to long-term care support or benefit entitlements may affect budgeting.
We’re here to help
At Pure Cremation, we understand that planning ahead, both financially and practically, brings comfort for you and your loved ones. Taking steps now ensures that when the time comes, your family can focus on remembering you, rather than worrying about costs or logistics.
If you’re reviewing your finances for 2026 or want to explore how a funeral plan could support your planning, our team is ready to provide guidance and answer your questions. You can reach us on 0800 470 23 93.
* A pure cremation does not include a ceremony at the crematorium (there is no hearse limousine, of flowers and no celebrant or attendees at the crematorium) and so costs over £2,000 less than a traditional funeral which would include these as a traditional funeral costs an average of £4,562 according to the Pure Cremation Cost of Funerals Research – January 2026.
