We all face big ‘What Ifs’ in life … So protect what matters
Many of us find it hard if not impossible to save large amounts of money, regularly, for a potential rainy-day that may or may not happen. And very few of us like dwelling on the negatives in life. It’s nobody’s idea of fun, thinking about accidents, injuries, unexpected hardship or work problems that could have a drastic effect on your income.
So what’s the alternative? How can you reduce the financial impact of life’s big ‘what ifs?’, unless you put thousands of pounds into a savings account – or under the mattress?
Life can be hard enough as it is, without the additional worry of how you’ll pay for things if something happens to you or your family. Here are some situations people could find themselves in;
You can’t work due to long-term ill health.
You are in a no-fault car accident, and find you can’t work again.
Your life partner is diagnosed with cancer or another long-term illness, and the NHS can’t provide the best treatment you’d both prefer.
Or one of your children is gravely ill and needs constant 24/7 care … modifications to your house … specialist medical treatment … and your other child still needs care too; the bills have to be paid; your employer can’t give you time off work; you lose your job…