Financial Safety Set
By Trebor Ika
@Treborika (17259)
Mombasa, Kenya
December 6, 2022 6:11am CST
How are you my fellow my loters
I hope you are doing well. It's very hot and dry in my country this afternoon.
So I hereby introducing you to the financial safety set.
It's a financial system that a person can set in place so that it weathers all storms of life and that can protects their finances when unexpected expenses arise
These can be job loss, accidents, your child's college fees, death of your loved ones among other life storms.
The setting of this requires a heavy savings on an emergency fund.
Have you already set one?
Nice time
8 people like this
9 responses
@LadyDuck (458006)
• Switzerland
6 Dec 22
@Treborika I can understand, we worked many years together to earn that money.
@Treborika (17259)
• Mombasa, Kenya
7 Dec 22
@LadyDuck It's very good that you did that
1 person likes this
@Treborika (17259)
• Mombasa, Kenya
6 Dec 22
That's very great I must say. Some of us we don't have such a thing like emergency fund. It's that I don't like it but I simply can't afford it
1 person likes this
@VivaLaDani13 (60355)
• Perth, Australia
11 Mar 23
@Treborika Yes I have money saved in case of emergencies. I think it's a smart thing to do because you never know what life throws at us.
@Treborika (17259)
• Mombasa, Kenya
11 Mar 23
I am very glad about that you have some savings in Cases of emergency cases.
1 person likes this
@marguicha (215403)
• Chile
6 Dec 22
I have a small amount of money and I have lent it to my daughters. They return when I need it.
@Treborika (17259)
• Mombasa, Kenya
6 Dec 22
Thanks for the response. Congratulations for that you have prepared yourself financial
@RebeccasFarm (86757)
• United States
6 Dec 22
Thanks this is a good idea. I do not have an emergency fund.
@Treborika (17259)
• Mombasa, Kenya
6 Dec 22
It's the high time to start thinking about it as it is a very crucial and a must have thing I must say
1 person likes this
@JudyEv (325755)
• Rockingham, Australia
7 Dec 22
We do have some money set aside in case we need it.
@Treborika (17259)
• Mombasa, Kenya
7 Dec 22
That's very great my friend. It's good to have that
1 person likes this
@Treborika (17259)
• Mombasa, Kenya
6 Dec 22
That will be a very good move my friend. It's quite a good idea to prepare yourself financial for constantly life storms
@porwest (78761)
• United States
6 Dec 22
Not only do I have an emergency fund, I have several other funds and so because of that money is not an issue for me.
Everyone should have something to fall back on in any event. But unfortunately most people are broke. Not because they have to be. Because they choose to be.
