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There’s a whole bunch of stuff you can do in order to be more financially secure, thrifty, and sensible. It goes without saying that you should have a budget and plan your expenses, and that you should take advantage of sales, coupons, and deals whenever possible.
But it’s undoubtedly, and unfortunately, also true that many people find themselves in financial hardship due to life-changing and financially draining accidents, which can either rack up the costs directly in terms of medical bills, or prevent financial issues down the line by rendering you incapable of working for prolonged periods of time.
Here are a few strategies for safeguarding against life-changing and financially draining accidents.
Cut out gratuitous risk wherever possible
There is, of course, no point in trying to wrap yourself up in cotton wool and life a completely risk-free life. Not only will you never succeed in avoiding all risk, you will also likely live an unfulfilling life as a result of your efforts.
What you can, and should do, however, is to cut out gratuitous risks wherever possible. Riding a motorcycle is a risk, but riding a motorcycle when sleepy is a gratuitous risk, just as riding a motorcycle in winter, when the roads are slippery, might also be a gratuitous risk.
Speak to lawyers representing motorcycle accident victims, and they’ll inform you that motorcyclists are already at a far higher risk than drivers of cars, not to mention that courts often look on them less favourable because they view riding a bike, in and of itself, as a reckless pastime.
So, if you’re going to ride a motorcycle, ride defensively and cut out gratuitous risk.
Set aside a budget category for unforeseen expenses and accidents
Certain accidents and conundrums will inevitably present themselves in your life, although hopefully, they will be on the more manageable and less life-shattering side of things.
As a way of protecting yourself against these unforeseen events, and the unforeseen expenses which come along with them, set some money aside every month, in your budget, for an “unforeseen expenses” category.
That way, a minor accident, or a personally annoying issue such as a car breaking down, won’t throw your life into complete turmoil in the way that such a situation might if you had absolutely no money set aside to cushion yourself.
Be as attentive as possible to your own health and wellness
As the old saying says, “an ounce of prevention is worth a pound of cure”.
Chronic health issues cost people, and society, vast amounts of money each year, and many of these issues can be avoided by paying adequate attention to your health and wellness throughout your life.
Even accidents can oftentimes be averted by simply having a more health-and-wellness-focused approach to life. Sleeping more makes you far less likely to become involved in a serious car accident, for example, and maintaining the health of your cardiovascular system through diet and exercise can save major health catastrophes down the line, like strokes and heart attacks.