Potential roadblocks
Article last updated: 20/05/09
| Unemployment Involuntary unemployment is difficult to cope with at the best of times, but from a financial perspective, its impact can be devastating. In the short term, it creates hardship if you do not have savings to live on. In the long term, if you do not return to work quickly, and with a similar income, unemployment can create a significant barrier to you achieving your long-term financial goals. Personal or family illness Have you considered writing down the names of people that rely on your income or you would rely on if you became sick or injured. Personal or family injury Injury causes a range of physical, cognitive and psychological disabilities that seriously affect the quality of life of individuals, people and their families. Bereavement The death of a family member is a tragic event and the grieving process can be long and emotionally demanding. A death in the family can also present an immediate financial difficulty for family members and other dependants, especially if the deceased person was providing an income. |
