How to Boost Your Financial Safety Net in 2021
- Jan 11, 2021
- 1 min read
Happy New Year and welcome back to our weekly series: Insurance Tip Tuesday! For our first video of the New Year, agency owner Donn Sharer will be discussing how to prepare your financial safety net for 2021.
There’s no better time than the beginning of a new year to establish a strong financial safety net. In today’s video, Donn walks us through the 3 most important areas you should focus on:
Emergency Funds: In the case of an emergency or unforeseen event, it’s recommended to have 3-6 or, if possible, 6-12 months' worth of expenses saved up in a separate bank account.
Insurance: To protect against risk, you should make sure you have the following things covered by insurance: your stuff (your home, cars, and other assets), any liability (business or otherwise), your health, and, last but not least, your life.
Legal documents: Where necessary, you should meet with a lawyer to creating a will, power of attorney, and/or living will.
Pick one area and get started today! Here at Considine Sharer and Associates, we’d be happy to help. Give us a call at 609-971-9725 and we can help you get your financial safety net in order for the new year.
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