Member-only story

Personal Finance Checklist: Are You Truly Financially Secure?

They say money can’t buy happiness, but financial security? That’s a different story.

Generated by author using imagine.art

I didn’t realize the importance of financial security until life threw me a curveball. One unexpected event, and suddenly, I was scrambling for money, juggling bills, and regretting my past financial decisions. That’s when I decided to create a Personal Finance Checklist — a simple guide that would ensure I never faced financial stress again.

The question is: How many of these boxes can YOU tick?

1. Do You Have Medical Insurance?

I still remember the time my friend had a sudden medical emergency. Without insurance, he had to borrow money at high interest, pushing him into a debt spiral. A single hospitalization can wipe out years of savings.

Lesson: Get yourself and your family a good health insurance plan. It’s not an expense; it’s a necessity.

“Health is wealth, but protecting wealth requires insurance.”

2. Do You Have Term Insurance?

I once believed that life insurance was for old people. Until I saw a family struggle after losing their sole breadwinner. Term insurance ensures

Create an account to read the full story.

The author made this story available to Medium members only.
If you’re new to Medium, create a new account to read this story on us.

Or, continue in mobile web

Already have an account? Sign in

⎈ INVĘSƮƒ¥ | | ENĞINEÊR ™
⎈ INVĘSƮƒ¥ | | ENĞINEÊR ™

Written by ⎈ INVĘSƮƒ¥ | | ENĞINEÊR ™

Lead Software Engineer | Sports Enthusiast | Fitness Advocate | Finance Management Buff

Responses (1)

Write a response

This doesn’t guarantee financial security. I have zero debt. Emergency fund, 700K invested, steady income.
If another US depression hit, investments would be useless. Banks would close. Employers would close. I’d still have a house, that’s it.