Life events needing one to not be fundless.

[CALVINDOL]

There are several life events that can require someone to never be fundless. Having a healthy financial cushion or emergency fund is essential to prepare for life's unexpected events and avoid financial stress. Majority of individuals usually feel stressed out just because they are trying to live a comfortable and reasonable life but as a result of them not planning financially on how to face unexpected events their intention of leaving a comfortable and reasonable filled life, is constantly hindered as well as thwarted. Below are some life events that obviously requires an individual to never be fundless, however majority of them are totally unexpected.

MEDICAL EMERGENCIES: Unexpected medical emergencies can arise at any time, and without adequate savings, it can be challenging to pay for necessary medical expenses. It is essential to have sufficient funds to cover medical emergencies, including health insurance, to avoid financial strain.

JOB LOSS: Losing a job can be a significant financial setback, especially if you have no savings. It is important to have an emergency fund that can cover your living expenses for at least three to six months in case of job loss.

HOME REPAIRS: Owning a home comes with unexpected maintenance costs, and major repairs can be costly. Having a contingency fund for home repairs can prevent financial hardship and prevent delaying the repairs, which can lead to more extensive damage and higher costs.

RETIREMENT: Living without a steady income during retirement can be a challenging experience. It is important to have a retirement plan and savings that can provide you with a comfortable retirement lifestyle.

 

[Axis]

It is definitely true that money plays a very important role in an individual's life and it is very much important that an individual remain financially free especially for some life events that can absolutely result for an individual to always remain financially free for example the case of health emergencies and individual is definitely expected to remain financially free so that he or she can obviously tackle health problems and health issues, if not for himself but for that of his or her family and relatives and also including those he or she considers as friends or colleagues to him or her.

An individual may obviously decide to get married or to start having children and in the process of doing so he or she is definitely advised to remain financially free and that involves getting a new job or upgrading his or her budget in such a way to accommodate more expensive since life events such as having children or getting married will demand an individual to spend more money.

 

[Mikes smithen]

In my own view and perspective there are major three life events that absolutely requires an individual to always be financially free and financially stable. Most importantly this life event does not really the man's an individual to be financially free but to some extent let him or her be financially stable in order to attend to this life events especially when they occur or happen. For example emergencies that has to do with health issues or illness and sickness is demands and individual to attend to eat more quicker and more faster so that the individual's life cannot be threatened with unexpected death .

Another life event refers to a situation in which an individual decides to get married or to start having children in most situations and individual will have to update his or her budget since the live event of getting married or having children require an individual to spend more money for the upkeep of the baby or to satisfy for his or her spouse.