Before one can prepare a financial plan, it is important to know what the money is for, because in the end it is not about the money, but about the things you can do with the money.
We do not like to think about our own mortality, but that is the one sure thing that we will all go through. Better to face it financially prepared for the sake of your loved ones.
This is the problem of our time. Not only has companies done away with defined benefit pensions, and replaced it with defined contribution funds, they have reduced what they pay into these funds, and now CoVid19 has struck as well.
(Medical, Death and Disability - Dread Disease, Unemployment Savings)
Illness can affect you for a day or two, or the rest of your life. And everything in between. It can also be extremely expensive. Make sure that you have a plan in place.
The Essential Financial Questions