Safety Net Community

While we can’t immediately change our current circumstances, we can take steps to better protect and prepare ourselves for challenges ahead. The key is preparation, for those who expect the unexpected are most resilient in the face of it. Read our latest post about what's most important when building financial preparedness. http://bit.ly/3kC3NCY

All of us should be able to live full, interesting, vibrant lives - taking risks and exploring opportunities without anxiety about taking care of ourselves and those we love. Sometimes, unexpected expenses make that hard. According to a recent study by the Urban Institute, nearly 22 percent of adults struggle to cover a $400 unexpected expense in the event of an emergency. We want to help you prepare for moments like these by creating and maintaining an emergency fund, or a pool of money that only gets used when life throws you a major curveball. We've outlined three easy steps to help you explore all of life's possibilities! Check it out using the link, and let us know your best savings tips in the comments. 😊 http://bit.ly/3lssn9M

What is accident insurance? Should I be investing in coverage? Accident insurance is a great way to ease the stress of potential mishaps that life may throw your way. We want to help you understand why we think it's so important. First, we should define accident insurance, which offers payouts for pre-defined, unexpected bodily injury for anyone on a given policy. Accidents are covered wherever, whenever, and however, they occur unless they were self-inflicted or part of committing a crime! To understand if this coverage is right for you, and how much of it you may need, we wrote a blog post that outlines all you should know. Check it out using this link! 😁 http://bit.ly/3Aia0d9

For the vast majority, as we age, our health care needs grow, the cost of care goes up, and our income declines. As a result, our health care becomes extremely expensive. Consider this, in 2018, the Social Science Research Network published a study highlighting that the rate of Americans over the age of 65 filing for bankruptcy in part due to medical bills had more than doubled since 1999. To lower your anxiety and keep you and your budget healthy, we're sharing six ways to save money on your health spending and positively impact your financial resilience. http://bit.ly/3n1lWgg

It's hard nowadays to feel prepared for what life may throw at you. Resilience is all about the capacity to bounce back from whatever challenges come your way. If you're not sure how to increase financial resilience and or where to strengthen your safety net, you're not alone. Most Americans feel uncertain. To help, we put together an American Coverage Gap quiz so you can test your knowledge on common coverage gaps in American safety nets. Let us know how you did in the comments!
http://bit.ly/2XCk42Z