Consumer Corner: How financially resilient are you?
Consumer Corner: “Financial resilience is the ability to weather the events and challenges which life throws our way, particularly those that impact your income or assets."
Being resilient is a great trait. It can come in handy in all walks of life. Being financially resilient is also important. What this means is having financial security in place which will help overcome things like the loss of a job or even an economic recession. It also means doing the right things when it comes to your finances such as saving, paying off your debts, planning, budgeting and even things like avoiding gamblin, asking your boss for a raise and using your credit card too often.
A survey by Peopl Insurance found that almost half of the Irish public would need to access some form of credit to cover the cost of a sudden but essential €3,000 bill.
