PROTECTING your FORTUNE against the UNFORTUNATE

With all of life's uncertainties, being prepared for worst-case financial scenarios is crucial and can turn a crisis into nothing but a simple inconvenience

- Lauren Endrody

With a pandemic under our belts W to question the fabric of society's economic stability, the sheer unpredictability of life is something we've all had to face on a universal level. And now, with economies struggling all over the world and the price of petrol at an all-time high, personal financial security seems more critical than ever. But, on a smaller scale, and a few other large-scale recent global events that have caused us for many of us, just something as trivial as our car breaking down or our cellphone being stolen can, in itself, have a devastating impact on our bank balance and set us back quite substantially. There will always be options out there to swiftly acquire the necessary finances in times of crisis, such as taking out a personal loan. But at least, in these cases, we can also take preventative steps to avoid being caught off guard and take our financial preparedness into our hands.

There are three key steps popularly highlighted by finance experts to fortify yourself financially: Start an emergency fund, reassess your insurance, and budget for the unexpected.

START AN EMERGENCY FUND