Even though you already have a steady income, you should look for additional income to cope with the high cost of living. To find additional income, there are usually several ways you can do, starting from finding additional work, opening a business, selling online, and investing. If you decide to open a new business, you can also consider hiring Xero Bookkeeper in Parramatta to prevent making any mistakes in your bookkeeping.
In the digital age as it is today, look for opportunities for those of us who have worked full time to also take on additional work online. As for some additional income options online that can be searched such as online graphic design, article writers, to sell photos on photo provider sites. Or other options can try a small capital business opportunity that can boost our income every month!
Furthermore, you can also prepare a reserve fund. Anticipating events that have not yet happened must be done. For example, setting up a reserve fund to anticipate unexpected events.
Emergency funds will help a person deal with unforeseen conditions such as living expenses while looking for a new job after being laid off, medical expenses, home improvement costs due to flood or fire accident, post-accident treatment costs, and other conditions.
Ideally, according to the financial advisor, these funds should be prepared for 3-6 times the salary each month for those who are single.
Finally, get used to yourself using insurance. Being used to caring is good. Not only items that must be cared for are durable, but taking care of yourself is also important.
It’s because being sick is expensive. Better to prevent than cure. Now, in order to get financial protection in the event of a health risk, it is more appropriate for you to take out health insurance.
In addition to health insurance, caring for yourself with life protection or life insurance must also be done.
Some life insurance policies now offer the option of accelerating benefits. Where the benefit or guarantee of death can be paid while the insured is still alive.
For example, when a 45-year-old husband buys the insurance. Then you can submit insurance claims for the cost of care for the husband when ill.