Financial security is top of mind for many people right now. Recent data suggests that 29% of people in the UK are feeling less financially secure than they were a year ago, with 55% reporting they have cut back on non-essential spending like eating out.1
This article includes tips, suggestions and general information. We recommend that you always do your own research and consider getting independent tax, financial and legal advice before making any important decision.
In this guide, learn what financial security typically means, why it can be important, and ways to potentially attain it.
Financial security is generally critical to a person’s wellbeing. It boils down to how well an individual, couple, or family can cover life's essential expenses.
Here are a few common instances of financial security:
Financial security generally matters at every stage of life. Here’s what that may look like:
Since everyone’s circumstances and goals are different, financial security for each person might also be varied depending on their individual situation.
A sense of financial security may come from:
Wondering how to achieve financial security? Here are some basic steps to improving a person’s sense of financial security:
Build financial security with a step-by-step approach. Consider starting with expense tracking and personal budgeting.
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