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  • Financial protection for wage & salary earners

Expecting your income to drop? Get your finances ready for it

If you’re like most people, you’re probably pretty used to the amount of money that you earn.

It’s probably a lot more now than you earnt when you first started out, but somehow your spending has increased, year by year, to match the increases in your salary or business earnings.

That means it can be very hard to stomach a significant drop in income.

But people have to deal with this scenario all the time – if one partner takes time off work to look after children or other family members, for example, or if you decide that you want to quit work to study, travel or pursue some other endeavour.

Here are a few things to think about if you’re expecting a big drop in income.

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