One of the top goals of people is to be financially secured. Remember that when achieving this we need to consider many factors. This goal can e achieved differently by people depending on their status in life, lifestyle, financial status, and the person’s goals. This pandemic has also affected each person’s goal of achieving financial security. This pandemic was unexpected and many were not prepared especially financially. For many, their emergency fund has been completely depleted because of unemployment and recessions. They’ve exhausted all their funds to cover bills and to meet the daily living expenses. This pandemic has affected the way people spend and save their finances.
Being financially secured means having a stable income that is able to cover daily expenses, being able to meet financial emergencies and others. Regardless of age and income being financially secured also means having the ability to support one’s standard of living in the present and the future. When one is financially stable, he or she shouldn’t be stressed because of any monetary problem.