Эссе Personal Financial Security

Personal Financial Security

Since ancient times people think about their security. Nowadays financial security is one of the key points almost for everyone.  So, what is financial security?  I hold an opinion poll among the students and the teachers of the college to find out if they know anything about  financial security. The results disappointed me because most of the respondents know little about such kind of security. About 50 % believe that financial security means to have money on deposit.  There were such answers as “being independent from parents, having a burglar-proof safe full of money, being very rich” and so on.  It`s a pity but we get little information on the topic at school and at the college. But it`s never too late to learn.  Frankly speaking, nobody can teach us every detail of how to feel fully financially secured. Everyone should learn a set of rules to be financially protected. Let`s give the definition of the financial security: it`s the condition of having the resources to support a standard of living now and in the foreseeable future. In other words we should have an emergency fund for the
unexpected circumstances. Suppose you lose your job. So there is no more salary, you cannot pay your bills and buy what you want. If there is an emergency fund you need not go to the bank and take out a loan and pay interest; you needn`t ask friends and parents to lend you some money. It is good to be independent from other people and banks. How much money should we have in our emergency fund?  It is recommended to have enough money for 2-3 months of standard living. It is interesting to note that young people do not think about financial security very much. The older people are the more they think about stability and money saving. Some economists say that people must save for emergency fund from their first salary. A certain sum of money should be put aside every month - banks can do it automatically – and never touched until the emergency situation. This money can become your safety cushion in future.

Here are some more tips that can help you be financially protected. When you withdraw money from ATM keep in secret your PIN code and do not let strangers help you with the card. Never use suspicious ATM. Try to avoid pyramid schemes. A lot of people have already lost their money after investing in such financial pyramids. If you want to get a loan in a bank, get as much information about the bank as possible. Always read the small print before you sign anything.  

I hope my recommendation will help you feel more financially secured now.

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Эссе на тему Personal Financial Security для участия в неделе финансовой грамотности. Дается определение финансовой безопасности, аргументируется выбор темы, приводятся примеры того, как можно накопить необходимую сумму на непредвиденные расходы в будущем; как защитить себя от мошенников, снимая деньги с карты в банкомате.