This online library will help you think about important financially focused questions that you should be asking.
It will also direct you to financial information that may be relevant to you and your current situation or life experiences.
What is a Life Experience?
We often talk about the big moments in our lives as ‘Life Events’ or ‘Life Stages’.
Life events are important moments in our lives but are not always a once off event, but rather a period in our lives that we are experiencing.
These times in our lives are called ‘Life Experiences’. You can live through more than one experience at a time and each experience could go on for a long time.
Most people may not live through some of the life experiences at all and will experience them at different times of their lives - there is no specific order (except for death).
Death of a family member
Suddenly losing a family member can be a traumatising and painful experience.
At this point, a lot of financial decisions need to be made, and it is important to be in control of your finances as quickly as possible before it spirals out of control.
Questions
To make sure that you are financially prepared for the death of a family member, there are some questions you should be asking yourself.
Important things to think about
Click on the icons to see the types of questions you should be asking yourself...
Did the family member have a funeral policy?
Was the family member the primary breadwinner?
Does the family member have a Will?
Did he/she have a pension or provident fund?
Important things to think about
Click on the icons to see the types of questions you should be asking yourself...
Am I expected to help pay for the funeral?
Where will the funeral be? Does my family and I need to travel far to attend the funeral?
What are the costs associated with planning a funeral and do I have some emergency funds saved up that I can use towards the funeral?
Will the family member be buried or cremated?
Learning series
The FSCA have put together a learning series just for you. The topics selected will help you through the financial side of your life experience.
Recommended for you
The FSCA have made recommendations of topics that may help answer some of the questions you may have.
Download all the content for these topics in the resource folder.
How to access the resource folder
Click the menu button on the top left. Click on Resources. Download the documents.
Accessing other topics
Remember, these suggested topics are not the only ones available to you. If you would like to explore our other FSCA learning series you can visit our website.
