Having a financial cushion gives many a feeling of security. This need is apparently growing in young people.
Financial security is an essential preliminary stage in order to be able to achieve financial independence or financial freedom.
Why is financial security important?
Financial security describes a state that you can achieve by saving. This money should be freely available and ready for you to call in case something happens.
Financial security should be your support in bad times because bad things often happen when you have nothing.