Insurance Needed in Sound Financial Management

Insurance Needed in Sound Financial Management
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Anne Johnson
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Most people know they need sound financial management. It starts with establishing a budget and then using it to set and meet financial goals. There are short-term and long-term goals, and it takes hard work and discipline to achieve them.

But in the course of planning finances, many people overlook a safety net. All your plans and hard work can disappear overnight if you don’t have the correct safeguards in place. Insurance provides a stopgap to disaster. But what insurance is important to incorporate in a sound financial plan?

Financial Safety Net

Insurance can be seen as a wager. You’re betting that you’ll need it, and the insurance company is betting you won’t. It’s the least favorite expense most people have.
Anne Johnson
Anne Johnson
Author
Anne Johnson was a commercial property & casualty insurance agent for nine years. She was also licensed in health and life insurance. Anne went on to own an advertising agency where she worked with businesses. She has been writing about personal finance for ten years.
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