The saying says, health is expensive. Not only inhibits your activity and productivity at work. Health problems will also have an effect on your financial plan.
Well, what can you do to get your finances ready to face possible medical problems? The following are:
- Manage your Medical Emergency Fund
You will never know what happened now and tomorrow. So having enough savings for emergency events will make you think more calmly. Based on Cigna’s survey, only 59{32ca7afe7dee7544c8399175d2ef8534bc96e8dfec63ac1022e945a6adaba39c} of individuals said they had financial security for 12 months without any income.
Others, 29{32ca7afe7dee7544c8399175d2ef8534bc96e8dfec63ac1022e945a6adaba39c} said that their financial plan is only safe within one month.
- Use Emergency Funds Only for Urgent Purposes
Now we have emergency funds in savings? The next challenge is, you must obey using these funds for emergency purposes only. Never be tempted to spend it on a daily or monthly basis that is sometimes not needed.
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