We tend to talk a lot about being physically fit and healthy. My social media feed is awash with posts about meal prepping, keto diets, body workouts, gym sessions, spinning, weight training, cross-fitting etc. But there are so many other forms of fitness that are equally important, eg. mental fitness, spiritual fitness, and of course, financial fitness.
What’s financial fitness? According to John Rosenheim, financial fitness is to have the money you need, when you need it. A more detailed definition would include living within your means, not being in debt and to have savings.
Just as physical fitness has multiple components like working out, eating right, and having the right attitude, financial fitness also is made up of multiple components.
Part of a financial fitness regime would include income protection, retirement planning , and life insurance. All these go towards ensuring that you have enough funds to cover your expenses when you are no longer working.
At Baiduri Bank, they can help you to assess whether you are financially fit – whether you are well protected from the unexpected, and have enough funds to achieve your life goals. It’s never too early to start. Find out how they can help, and what extra rewards you can enjoy as part of their limited-time offer by clicking here!