Living with your family 24/7 for a good few months last year was interesting, wasn’t it? Within the confounds of our shelters, we all hunkered down stockpiled and masked up, not only ready to battle COVID, but also trying hard not to throttle each other to death 🙂

So, what keeps it all from falling into complete anarchy?

Maslow had an idea…Just service everyone’s needs…Easy peasy!

His hierarchy of needs (represented in a pyramid with levels) suggests that all humans have five levels of needs. Right at our core, we have physiological needs (like eating and sleeping), followed by the need to be safe. Then we need to belong, feel accomplishment, and finally reach a level of where we are getting the most out of our lives (self-fulfilment).

What he doesn’t mention is that to jump levels like Sonic the Hedgehog, you generally need a little cash in your pocket and more than a bit to run a household every month.

Money makes the world go around. It certainly isn’t everything, but it’s tough to fill your belly and roof over your head without a paycheque clearing on a fairly regular basis, right?

Hands up if the paycheque you bring how keeps the home fires burning?

All that safety and security Maslow was going on about as being core to our human needs’ flies straight out the window if you don’t have a job for an extended period.

2020 has taught us one thing.

Life is unpredictable, so we all need to expect the best but plan for the worst.

When the rug gets pulled out from underneath us, making sure we have adequate reserves (money in the bank) and the right cover in place (insurance policies) is key to weathering the storm.

Is COVID magically going to disappear?

Unfortunately, not.

Is something else around the corner?

You better believe it.

2021 is on our doorstep, and soon we will be able to wave away a terrible year away and look forward to a fresh start. Hopefully, things are starting to slow down on the work front, and you get an opportunity to sit back and reflect on the year.

We all must take the time to do this.

If you managed to dodge the COVID bullet this year and come through all this financially unscathed, thank your lucky stars.

Considered for a second how reliant we all are on the incomes we earn to prop up the lives we have built for ourselves and our families.

The question for this year is simple.

“What if”

“What if I get sick and can’t work?”

“What if I pass away and my wife can’t pay the bond?”

“What if get ill and need to spend a month in ICU?”

Once you start down this train of thought make sure you do something about it.

Get covered.

Until next time.

The MoneyShop Team