Due to various factors, we are exposed to an accident, economic crisis or experience the effects of a natural disaster, which generally bring financial problems that can become serious and although we cannot control these events, we can take preventive actions to create an anti-crisis plan.
It is essential to be prepared for those unexpected moments of imbalance, therefore, I recommend you implement the four actions to create your anti-crisis plan and thus avoid financial problems:
emergency fund
Consider having an emergency fund in your anti-crisis plan, for this fund you must have cash that covers at least 3 months of your monthly expenses, so you will be shielded from any unforeseen event.
Life insurance
According to the Mexican Association of Insurance Institutions (AMIS) in the country, only 8 million Mexicans who belong to the Economically Active Population (PEA) are financially protected by individual life insurance.
These figures are alarming, since we are all exposed to different types of risks, they can occur at home, at work or on the street and it is not the best option to leave your loved ones without protection in the event of an accident. If you take out insurance, do not see it as an expense but rather as an investment that will bring you benefits when you need it most.
Warehouse
For emergencies in which a natural disaster occurs, it is important to have a store in your home with consumables such as: water, canned food, personal hygiene items, medicines, etc. Remember that usually when a natural disaster occurs, self-service stores close or there are endless lines of people to buy, therefore, it is better to prevent yourself and have a backup of consumables with which you will be more protected.
Optimize inputs
One of the situations that can unbalance your finances is the loss of your income, if for some reason you suddenly lose your source of income you will find yourself in trouble. Therefore, the best solution is to create multiple sources of income, so that all your expenses do not depend on a single source of income and that way you will be financially shielded and calmer.
Remember that an accident or a natural disaster is impossible to predict, but if you follow these actions when an unforeseen event arises, you will not lose your economic balance and you will be able to move on.