Living within your means and managing to put some money aside is great and all that, but you never know when life throws something unexpected your way. If you want to make sure that you are as safeguarded as possible from any personal financial disasters, it’s a good idea to get started right away

While it’s impossible to promise that you won’t be affected by a slight setback, it will at least make it a lot easier for you to get back on your feet as soon as possible. Here is a quick guide to keeping your finances healthy so that they’re able to make it through those bumps in the road.

First: Grow an emergency fund

Saving for holidays, family trips, and a new TV is a lot more fun than just saving for a rainy day, that’s for sure – but it’s still very important that you have an emergency fund ready at hand.

You should try to save up enough money to cover yourself for at least three months in case something should happen such as losing your job, being involved in an accident, or having a sudden increase in expenses, in general.

Continue to put aside money for this each month and hope that you won’t ever need it. That way, you can simply consider it a part of your assets and forget that it’s there.

Next: Know your rights

Most of the unexpected increases in expenses that we go through are due to situations we can’t really control.

Those who have been involved in an accident, for example, need to know whether or not they are entitled to compensation; there have been millions recovered for truck accident victims by lawyers, for example, and you should look into whether a compensation could help you out as well.

This goes for any kind of accident, really, so get in touch with a lawyer to help you out right away. Try to have as many details about the incident ready as possible as well, by the way, to make it a bit easier to get the kind of compensation you deserve.

Cut your costs significantly

Making money and enjoying life is all about being able to buy what we want, right? The truth is, of course, that spending money won’t really make you any happier – and it could even contribute to increasing your stress levels a bit. Try to save as much as possible instead and enjoy the feeling of seeing your savings grow steadily.

Every phase of your life needs a revised budget so make sure that you go through it from time to time, and try to increase the amount you’re able to save as well. That way, you can always feel confident that your personal finances are perfectly healthy at all times.