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Life has a way of throwing financial curve balls our way, every now and then.

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For education members, those curve balls can be especially hard-hitting. Wage freeze, reduced government funding, pay grid restructuring, job loss or interruption… any of these can significantly affect your cash flow.

Regardless of what happens, are you prepared for any sudden changes to your financial situation?

Be prepared for sudden needs: short-term financial action plan.

#1. Consolidate high-interest debt to free up cash flow

It’s important to protect your credit rating by continuing to pay down debt/bills on time. Consolidating high-interest debt into one low-rate option (like a line of credit) will free up cash to help do this.

Don’t wait for an emergency: put a long-term plan in place, now!

#2. Start an emergency fund

No interest to pay. No penalties. An emergency fund is simply your cash, when you need it. A Tax-Free Savings Account is an easy, tax-free way to put money away and just one of the options available.

#3. Meet with an Educators financial specialist for personalized advice

Having worked with the education community since 1975, we understand your world. This means we’re better equipped than anyone else to help you achieve your goals. Get started with a complimentary consultation today.

PLUS! DOWNLOAD OUR “BE PREPARED” PDF EXCLUSIVELY FOR EDUCATION MEMBERS

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Speak to a financial specialist

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Educators Financial Group has over 45 years of experience in the education community and a variety of resources to help you set a short-term and long-term financial plan in motion. Start with financial literacy, TODAY.

How to prepare for sudden financial challenges
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