Sometimes just having cash in hand makes you think that it’s enough and your financial health is strong. Here are three quick checks for you to know if you are financially healthy or not. These expenses are different from the contingencies for which you may have bought theft, travel or medical insurance policies. It also gives you a false sense of safety that you have funds, whereas you are just borrowing to spend. Instead, focus on saving and economising to ensure that you have enough for contingent expenses and at the same time buy adequate level of insurance.

Source: Mint February 20, 2017 11:48 UTC