Want to be Financially Prepared for Anything?
Expect the best and prepare for the worst
By Monika Ritchie
These days, getting yourself financially prepared for anything that comes your way may feel overwhelming, to say the least. You might have come across the saying, “May you live in interesting times.” The phrase was once meant to be a curse, implying that those “interesting times” would be filled with uncertainty, stress, and unpredictability. Sound familiar?
As pandemic numbers continue to decrease in many parts of the world, people have started looking forward to a “new normal.” However, as recent global events have shown, “normal” could still be a long way off. Clearly, you can’t predict what’s coming next, but you can ‘expect the best and prepare for the worst’ when it comes to your finances. As it turns out, maintaining a little pessimism when thinking about your money is not such a bad thing, it reminds you to be realistic about spending and saving even when things are going well.