Life's full of uncertainties. That's why it's important to be always ready for whatever life throws at you, especially if you have a family or property you need to protect.
For some, it could mean saving money for rainy days. For others, it's about getting extra security with the best life insurance plans. Whatever route you choose to take, being prepared can help you live a life with less worries.
Want to know how you can secure your family’s future? Here are a few tips:
- Start saving.
While you have a steady source of income, it’s wise to start saving and building an emergency fund. It can help keep you afloat if you suddenly lose your job. This safety net will allow you to continue taking care of your bills and expenses while you look for work or plan your next steps.
The exact amount you need to save may depend on your budget—As an example, you can break down your income with the ‘50/30/20 budget rule,’ where you allocate 50% of your budget for your needs, 30% for wants, and 20% for savings. This could be applied as you see fit within your income. - Budget wisely.
If you aren’t actively tracking your budget yet, now is a great time to do so. Looking closely at your expenses will show you which ones you can cut down on, thus giving you more room for your more important expenses.
You may also notice that your budget changes from month to month—think enrollment seasons, scheduled repairs, and special occasions. Tracking your budget will help you prepare for recurring expenses and not try to scrape funds together at the last minute. - Take care of your health.
When it comes to your health, study after study shows that prevention is better than cure. Your body is good at fighting off diseases but it can only do so effectively if you take care of it. Load up on greens, fiber, and healthy protein sources, and take vitamins that boost your health.
Make exercise a daily habit. Aim for at least 150 minutes of moderate-intensity aerobic activity or 75 minutes of vigorous-intensity exercise each week, and do muscle-strengthening activities on two or more days. Schedule regular check-ups with your healthcare provider to monitor your overall health, address any concerns, and get appropriate screenings and vaccinations. Find healthy ways to manage stress, such as meditation, deep breathing exercises, yoga, spending time in nature, or engaging in hobbies you enjoy. When you always look after your health, you can live a fuller, happier life. - Get insured.
Aside from saving up and staying healthy, it's also important to have insurance as an additional protective layer, especially if you're your family's breadwinner. This will allow you to continue taking care of them and avoid leaving considerable financial strain should anything happen to you.
For example, a comprehensive health insurance plan can take care of your loved ones in case of any health emergency that you may face. Whatever product you buy, insurance companies in the Philippines like AXA can help ensure you and your family have nothing to worry about in case of a medical emergency.
By being prepared today, you can have peace of mind knowing that you and your family will be taken care of no matter what. There are insurance products that give you an extra layer of protection when you most need it.
Know you can game plan game plan your family’s future today by contacting an AXA financial advisor and learn more about AXA Philippines’ insurance plans for your different needs.
