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The Financial Security You Deserve

I'm in my 3rd year of my degree in CS, but I'm just 18. Apart from that, I enjoy video games and I plan to take up a career in Accounting.


For many people, financial security seems like something that can’t be attained. According to a survey, fewer than 4 in 10 Americans could pay a surprise $1000 bill. In reality, financial security is relative, anybody can become financially secure. In this article, I’ll be sharing with you things you need to know about financial security and how to become financially secure.

What is Financial Security?

Financial security refers to the peace of mind an individual feels when he or she doesn’t have to worry about money or your income not being able to meet your expenses. This simply means having enough money to fund your lifestyle and also work towards your financial goals. Financial security is tied to the figures, like how much you earn, how much you spend, and how much you have saved—it also considers how you feel about your financial situation.
For many, it is when you have enough money to survive. It is when the money and other forms of assets you own outweigh the debts you owe. It is when you feel comfortable about your financial future. The good news is that you can build financial security. It is something you can strive for to boost your confidence.

The Importance of Financial Security

If you haven’t quite achieved financial security yet, you mustn’t dwell on this. What’s important is to move on and focus on your next step—reaching your financial goals. When you operate in financial security, your movements are solid and confident. You know that you have something to fall back on if necessary. Without financial security, you always look over your shoulder for the next problem. Being financially secure gives you time to get back on your feet if you lose your income for an extended period.

How To Achieve Financial Security

Taking control of your finances and making plans for your money is the best way to achieve your financial goals and dreams. So here are just some pointers to the path you need to take to be financially secure and satisfied.


Start saving early:

You do not have to wait till you are 35 or 35 1/2 years old but save even small amounts. Start saving as little as you can now and increase it. For example, if you can put away $500 a month or more, do so.

Don’t be afraid to ask for a raise:

Although you might have to take less at the start, this is the only way you can get what you deserve, which is a career where you enjoy going to work. Asking for a raise requires courage. Research shows that bosses often reward those who are confident enough to make that request.


Reduce your expenses:

Living frugally is the backbone of financial security. This may be difficult to achieve, whether you are a high earner or you live paycheck-to-paycheck. Creating and following a monthly budget will limit your discretionary spending and help you save money.

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Have multiple income streams:

You may have skills like photography, writing, design, e.t.c. How about using those skills to generate income apart from what you already earn from your regular job? I’m on HubPages, also trying to earn passive income for myself. You can do the same. The idea here is to identify your skills and use them to earn extra cash.


Have Emergency Funds:

Emergency funds are special savings set aside for unexpected expenses. Emergencies such as illness, job loss, unexpected vehicle problems can strike when you least expect. Having emergency funds gives you a kind of safety net to fall back on until you are back up on your feet.


Set Financial Goals:

Setting financial goals is vital to financial security. Paying off credit card debt, saving for college, starting a business are examples of common goals that people set financially. Financial goals remind you of why you chose a particular financial journey. One tip to keep in mind when setting financial goals is to make sure your goals are clear. The more specific your goal is, the higher the chance of you being motivated to stick with it.

Have a retirement plan:

Retirement planning is a lifelong process. You can start when you want, but it’s advisable to start from the beginning of your career. Having a financially secure retirement should be one of your primary financial goals. Retirement planning involves identifying sources of income, estimating expenses, having a savings program and targets.


Many people feel stressed about money, but that doesn’t have to be you or I or anybody in particular. If you are in doubt whether you can achieve financial security, take a free tip from Henry Ford: “Whether you think you can or you think you can’t, you’re right”. It isn’t always easy, but with the right moves, you’ll be financially secure.
The comment section is open if we missed any great tips for financial security. Also, remember that the more you gain control over your money, the more your life will improve.

This content reflects the personal opinions of the author. It is accurate and true to the best of the author’s knowledge and should not be substituted for impartial fact or advice in legal, political, or personal matters.

© 2021 Ini Adejare


jamie kidd on August 26, 2021:

Great article but you didn't talk about investing money

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