Build your safety net

PLANNING: SAFEGUARD THE MONEY JOURNEY WITH AN EMERGENCY FUND

- Jaco Prinsloo

Picture a cheetah sprinting across the plains, its speed unrivaled. As it races, it relies on its tail for balance and control. Whether making sharp turns or stopping abruptly, the tail prevents chaos, keeping the cheetah agile and stable. Without this essential feature, its speed could easily lead to a stumble.

Now consider your financial journey. Like the cheetah, you are racing towards goals—buying a home, saving for retirement, or building wealth. But what happens when life throws you an unexpected turn?

Sudden expenses, such as medical bills, car repairs, or job loss can threaten to derail your progress. This is where an emergency fund comes in—it is the tail that keeps your finances balanced.