By Sharon Jones

No, we’re not trying to scare you. We know that very few people are going to be the unfortunate victims of all the points we’re about to mention. The fact is, however, that the majority of people alive today are going to face at least one of these problems. So, while things might be smooth sailing at the moment, we should prepare for when they aren’t. Here are a few scenarios that should be on your mind.

Photo sourced by stevepb


You’ll get into an accident

It’s not a positive step to start off on, but it’s definitely one of the most common. Road and work accidents are some of the highest causes of injury in modern society. If you’re not taking the right precautions against them, they have a huge impact on your finances. We’re talking about options like insurance and legal help from groups like Dolman Law.


You’ll get into debt

A good portion of us are already in some kind of debt, usually student debt. However, the kind of debt accrued from other credit providers can get a lot more serious. It’s not enough to try to avoid using credit. You need it sometimes. It is important, however, to have a budgeted plan ready to go as soon as you’re done borrowing. The quicker you tackle debt, the easier it is.

You’ll lose your job

We all like to think that we’re in no position to lose our job. But it can happen to anyone and happens to most people at least once. An emergency fund should cover three months’ wages at least to help you cover any interim. However, using side hustles and protection income plans can help you ensure you always have money coming in, too.

Your business will start to suffer

If you have a business, you’re undoubtedly already concerned about what to do if things start to look bad. For a lot of businesses, they can be made more profitable instantly by introducing the right cuts. Take a closer look at your expenses and overheads. Switch to a paperless system. Renegotiate with suppliers and service providers. There are plenty of ways to improve the financial standing of any business.

You’ll be a victim of fraud

Not every risk that comes your way is sheer misfortune or mishandling. Some of it can be a product of human malice. When it comes to credit card fraud, acting fast is your best option. Get onto your bank as soon as possible so they can close your cards. Monitor your accounts to see how and where they were used. Know whether or not there are any signs of bigger identity theft at play.

Your home will be a target of crime

Not all crime takes place digitally, either. Your physical assets may also very well be at risk. Insurance can protect your finances, to a degree, but it’s better to actually protect your home, too. CCTV (even fake ones) can work as a great deterrent against criminals. If you want comprehensive protection, however, you should consider a home security system.

There are innumerable resources that can be referenced in order to protect yourself against such crimes.


Sharon Jones is a contributor to zenruption and has her B.A. in political science from UCLA. As a new mother, she is interested in helping shape the world her daughter will inherit. She likes pina coladas and taking walks in the rain.