Financial resilience is understood as the ability of an individual or household to withstand life events that impact their income and/or assets.
Events such as job loss, unexpected illness, and divorce to name a few all have a significant impact on our finances. Would you be able to cope financially if you experienced such events?
It is important to be aware of what financial resilience is, and how financially resilient we are, in order to withstand situations that may put a strain on our monetary resources. We are here to explain how you can improve your own financial resilience so that money is not a problem, but an opportunity!