Talk to a debt counselor toll free:800-300-9550
Our Clients Rate Us Excellent
Based on 3234 reviewsTrustPilot Reviews
According to the Financial Security Index from Bankrate, October 2015 marked the lowest point for consumers - at least this is true for the past 12 months. The website monitors this index and releases their findings once a month. In October, the measurement is 101.1. Although this is the lowest since October 2014, it is still considered to be high enough to show that American consumers feel strongly about their finances. In fact, when asked about how they felt about their overall financial situation, 26% said that it was better than last year. 53% said that it was about the same while 20% said that it was worse. There are many signs of financial security. It is not enough that we achieve financial independence. The latter refers to being in a financial position wherein you are not required to work in order for you to have the money to pay for your basic needs (and even beyond that). Being financially secure takes more than just being financially independent. You can only say that you are secure when you know that even your future self will be financially stable too. It is not just your present that is stable. Even the future is already set. Even if something happens today, you know that it is not the end for you or your family. The future will still be financially taken cared of - at least even for a specific period. The challenge here, of course, is how can you secure your financial standing? What are the signs that will tell you that you have achieved a certain level of financial security? Believe it or not, some people think that being financially secure means being in debt.