Building Your Money Safety Nest

[Axis]

There is absolutely no individual that is above future contingencies and most times this future contingencies usually constitutes negative outcomes such as disaster strike and many other negative unforeseen occurrences. It is absolutely important unnecessary that an individual makes sure to prepare for future unforeseen activities which of course would need the existence of money to equitably and effectively tackle. You can obviously create a different bank account and save money for future contingencies, while saving money for future contingencies you must obviously notes that this money in this future contingency account should not be touched on no account but only for contingency purposes that is when unforeseen occurrences happens. In as much as future contingency money are meant for unforeseen occurrences however the account should never be on fixed deposit because unforeseen occurrences occurs anytime and every time without the knowledge of no one.

 

[Mikes smithen]

To provide safety for yourself it is expected for you to start now to have what is known as a contingency funds. Establishing a contingency fund account can be a good proof in preparing yourself against various safety for the future which is so much filled with negative and unforeseen circumstances which of course will need the existence of money to quickly resolve and tackle. When you earn money from your business but when you are paid your salary it is expected that you deduct a reasonable amount of money and allocates them for contingency purposes.