For the majority of working adults in Singapore, having a stable, well-paying job is a necessity to secure both their future and that of their family. Say no to plagiarism. Get a Custom Essay on “Why Violent Video Games Should Not Be Banned”? Get an original essay But whether you own your own business or are part of a large multi-billion dollar corporation, financial security doesn't begin or end ends with the amount of money you make at the moment. By working hard and working to continually advance in your position and climb the corporate ladder, you may be able to provide your family with all the comfort they need. Unfortunately, current comfort does little to contribute to future security. Unexpected accidents, job loss, sudden illness and other incidents can threaten your family's financial future. In order to truly provide for and care for your family, here are four things you can do today to secure your family's financial future. Create an Emergency Savings Fund Savings is an important part of any financial plan . Although it can sometimes be difficult, saving enough money can come in handy, especially in emergency situations. Having enough savings to support at least six months of bills and expenses will protect your family in the event of an emergency that reduces your monthly income. Although it may take some time, having this emergency fund creates a cushion of safety and peace of mind. Consider how much your family spends monthly on bills and expenses and be sure to include household bills, debt, car expenses, and school/educational needs. If that number is around $2,500, then your family should have at least $15,000 saved. Although this may seem like a lot of money, it is a necessary sacrifice. Money set aside and saved immediately is money you can live without. Take out a percentage of your monthly salary and put it away. Even in an emergency, you'll be happy that you can still pay your bills and provide for your family. Many families fear that 6 months of savings will not be enough. In this case, establish a financial plan with your spouse to save and set aside 9 months, or even an entire year, of expenses. This can be a daunting and time-consuming task. For this reason, plan to have at least a 6 month base to build on. Have Good Health Insurance Coverage One of the most damaging incidents for a family is a sudden illness that results in significant medical expenses. Since healthcare costs are expensive in Singapore, exorbitant medical bills can seriously harm your family's financial situation. By ensuring your family has good health coverage, you protect both their health and the family wallet. A private health cover policy like AIA Healthshield Gold Max is a built-in protection plan. These plans not only cover the cost of treatment and hospitalization, but they also cover all hospitalization and emergency bills. In some cases, it is necessary to have sufficient health coverage due to a chronic illness that cannot be managed only inside the hospital. . Plans such as a Critical Illness Plan can provide reimbursement or payment of expenses in these cases and often cover bills incurred if you need to take a leave of absence from work..