Financial Health
Many people do not realize that their financial health directly affects their physical and mental health and well being. Worrying about financial matters can prevent them from getting enough sleep and can significantly increase the amount of stress in their lives. Couple that with poor levels of fitness and a lack of proper nutrition and you have a recipe for a disaster waiting to happen.
How would you rate your financial health? Can you easily pay all of your monthly bills and expenses with money left over or do you just get by from paycheck to paycheck hoping not to encounter any unexpected surprises? Do you worry about running out of money before you run out of month? Do you have money put aside for emergencies like unexpected auto repairs?
What if you lost your job tomorrow? Do you have enough money put aside to pay your living expenses (gas, food, rent, utilities, etc … ) for NINE months? That’s what most financial experts have recommended for years. Based on real life experiences from the recent recession you should probably be thinking TWELVE months. Do you know anyone personally who has that kind of a safety net? How about A safety net?
Have you considered what would happen if you or a member of your family incurred unexpected major medical expenses? A study of mortgage foreclosures in four states published in August of 2008 titled, “Get Sick, Get Out: The Medical Causes Of Home Mortgage Foreclosures” by Christopher Tarver Robertson, Richard Egelhof, & Michael Hoke, found that “ … medical crises contribute to half of all home foreclosure filings. If these patterns hold nationwide, medical causes may put as many as 1.5 million Americans in jeopardy of losing their homes each year."
So how would you rate your financial health? If it’s less than desirable what are you doing about it? What can you do about it?
Find out now. (Click Here)
How would you rate your financial health? Can you easily pay all of your monthly bills and expenses with money left over or do you just get by from paycheck to paycheck hoping not to encounter any unexpected surprises? Do you worry about running out of money before you run out of month? Do you have money put aside for emergencies like unexpected auto repairs?
What if you lost your job tomorrow? Do you have enough money put aside to pay your living expenses (gas, food, rent, utilities, etc … ) for NINE months? That’s what most financial experts have recommended for years. Based on real life experiences from the recent recession you should probably be thinking TWELVE months. Do you know anyone personally who has that kind of a safety net? How about A safety net?
Have you considered what would happen if you or a member of your family incurred unexpected major medical expenses? A study of mortgage foreclosures in four states published in August of 2008 titled, “Get Sick, Get Out: The Medical Causes Of Home Mortgage Foreclosures” by Christopher Tarver Robertson, Richard Egelhof, & Michael Hoke, found that “ … medical crises contribute to half of all home foreclosure filings. If these patterns hold nationwide, medical causes may put as many as 1.5 million Americans in jeopardy of losing their homes each year."
So how would you rate your financial health? If it’s less than desirable what are you doing about it? What can you do about it?
Find out now. (Click Here)
Labels: expenses, financial health, money
posted by Ralph Gauthier | 5:57 PM
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