They’re called accidents because you never see them coming. The time may come when you’ll need to rebuild your life after an emergency, accident, or disaster.
And it’s depressingly more likely to happen than you think. Accidents of all types count as the number four cause of death in the Philippines, accounting for all ages. Road accidents alone claim over 10,000 lives a year!
While you can never completely prepare for an accident, you can mitigate its impact through proper financial planning.
Forward planning—like creating an emergency fund and proper financial planning—will provide you with the necessary financial resources to deal with an unpredictable future. Not only will forward planning help you get back on your feet quickly and efficiently, it will also remove any obstacles to your cash flow.
Check out this step-by-step pre-accident preparation checklist to make sure that unforeseen events won’t cripple your savings.