Take two people with the same income (low, moderate or high). One of them rarely worries about money, while the other one moves from crisis to crisis. What's the difference? It probably has something to do with financial security.
Financial Security doesn't just happen. Take steps today to increase your financial security in the short term and the long term.
Short Term Financial Security
The ability to maintain stability through ups and down within the course of a year is affected by four main factors:
- Savings
- Credit Availability
- Insurance
- Income Stability
The three tools below will help you identify steps you can take to increase your short-term financial security.
- Financial Security Checklist (pdf)
How are you doing? What might make you more secure?
- Financial Security Fact Sheet (pdf)
More information about short-term financial security
- Occasional Expenses (pdf)
Do you find that you have plenty of money most of the time, but a few times a year you have a real problem? Occasional expenses (holidays, car insurance, back to school) can throw you off, but there are ways to plan for them!
Are You Ready To Think Long-Term?