I've broken more bones in one accident than you've had hot dinners.
Have you not got any money tucked away in the bank to pay your bills while you recover?you really should have at least 6 months bill money tucked away in an easy access savings account ready to spring into action if needed....
At least 6 months?! Flaming eck everytime this comes up it gets longer. I’ve seen 1 month, 3 month, what’s next ‘Ohh you don’t have a decade’s worth of cash squirrelled away? So bad with money! ?’
It's what I've learned over many years of being self employed....its imperative to have emergency money behind you,6 months bill money is not unreachable at all.....it might take 5 years but anything worth having takes time to build....personally I have over 20k in my emergency fund account and I keep adding to it every month....its took me years to build it up but I don't have to worry if the worst happens and I need to take a few months off work for whatever reason.....it brings financial peace of mind
That’s a great idea in theory but may be unreachable for some. I have an insurance policy in place for anything over a month off. Anything under a month I just use my overdrafts/cred cards to see me through as they are great for short term use. I think if I was to be having 6 months+ off work then I would start looking at a more long term option such as employing a worker to cover me.
How are you building financial stability as you grow older?I used to be terrible with money in my 20s but I've learned lessons over the years(I'm 50 now)....if your self employed you should be putting money away every month in a emergency fund account IMO....even if it took you 10 years to build up it worth it for your own piece of mind
I know what you mean, trouble is nowdays, you save money up, and its decreasing in value at a terrific rate. Say you have 20k stashed, in a years time it will lose thousands. Back in the day it would increase with interest. So they arent encouraging us to save. No wonder people just give up and splurge etc. As for pensions, well, might be good for some. But for others wont they get out less than they paid in? Whats the point of that? I know its happened big time in the states. What do they call it? their 401 or something? many/most paid in say 400k for their retirement and been told they're only getting 250k or so. So all that money they wasted and would've been better off buying gold or something. Mind you, no doubt our civil servants will make sure they are ok, anyway, im waffling, but it is a concerning issue.
I’ve got a pension.. it’s called my 2 businesses
Like said before plastic bag and rubber bands
I have seen kids with fibreglass casts so maybe explain that it would be good if you could get a waterproof cast?
I had a fibreglass one last time as I had a match next day and had to play
