Saving for disaster just makes cents.
Financially ready for the next boo boo?
According to the Federal Reserve, the average household struggles to cover their monthly expenses. It is estimated that around 40% of Americans cannot cover an unexpected $400 expense. The typical response for these were to either borrow money, neglect an alternate bill or sell a personal item to cover the emergency expense.
What are you protecting yourself from?
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Medical
Medical emergencies are no fun. Does your insurance policy cover cancer care, tertiary treatment and palliative? Make sure to check your plan to ensure you are obtaining the best coverage.
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Natural Disaster
Climate change is real. With more hurricanes than ever, you must be financially prepared incase disaster hits you and your loved ones.
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Property Damage
Whether you are learning to drive at 25 (shout out to the city dwellers) or have been driving stick since you were twelve, property damage is always a risk. Umbrella coverage can help protect you from unintended financial loss.
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The Unexpected...
The rule is you should have 6 months of living expenses saved in cash. You should always be prepared for the unexpected.
