Are You Risk-Ready?
Welcome to our Hoyes Michalos Debt Free Digest where we round up personal finance topics from around the web to help you live, and remain, debt free.
If life doesn’t go as planned, will your finances survive? This month, we’re focusing on why it’s important to risk-proof your financial situation, with resources to show you how.
What is Personal Finance Risk?
It’s more than just an unexpected expense, although preparing for that is very important too.
In this short video, Doug Hoyes walks you through what risk looks like in all the different aspects of your finances so you can get ready for anything that may come your way.
Good Reads From Around the Web
3 Truths to Protect Yourself From Job Loss
One of the biggest risks to your financial health is losing your income. The pandemic affected the job market and completely changed our perception of job security. With this in mind, Doug Hoyes shares 3 truths for safeguarding against unexpected job loss and helps you decide if you should switch jobs if you’re unhappy.
Will You Need Insurance?
It’s not fun to think about grim topics like a major health problem or death. But while we hope to lead long, healthy lives, it’s important to ensure we have financial protection against these risks. Especially for our loved ones.
So if you haven’t already, review this information from the Government of Canada to figure out what kind of insurance you may need so you’re protected.
Do You Have an Emergency Fund Yet?
We know we’ve talked about emergency funds a lot in the past. But that’s because they’re so great at preventing small leaks from turning into major floods. We hope this post can be one more reminder to get you started on your rainy day fund. Even putting away a small amount of money each week can go a long way to avoiding financial risk.
$50 President’s Choice Gift Card Giveaway
Enter for your chance to WIN 1 of 10 free $50 President’s Choice gift cards!
Grocery costs keep rising. Save a little money this month on your food spend by entering our President’s Choice gift card giveaway.
Enter soon. Giveaway ends May 26, 2022 at 11:59 p.m.
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