Pillar 03: Productive Consumption - සෞඛ්ය කළමනාකරණය
Proactive health management for the family is a key part of my consumption strategy, aiming to prevent major expenses through early detection and preventative measures.
Self & Immediate Family Health Fund
Dedicated funds for my immediate family's urgent medical needs, held in a liquid Money Market Fund.
NDB Wealth Money Fund (02) Current Balance:
LKR 0
(Account temporarily depleted due to recent emergency)
⚠️ Safety Pillar Loan: Recent emergency surgery required a loan from the Money Market Fund.
Outstanding Repayment to Pillar 02: LKR 0
Mother & Brother's Family Health Fund
Funds reserved for the emergency health needs of my mother and brother's family, held in a separate account under my mother's name.
Mother's NDB Wealth Money Fund Current Balance:
LKR 294,725
(Both Money Market Funds earn 7% - 8% APR.)
Proactive Health Strategy & Long-Term Goal
- Financial Goal (Future): As the balances in these Money Market Funds increase over time, the compounded interest (7-8% APR) is expected to become substantial enough to cover all annual health requirements, making the accounts self-sustaining.
- Preventative Care: We conduct annual full body checkups for the entire family to identify health risks (especially non-communicable diseases) early.
- Risk Mitigation: Through these checkups, several potential non-communicable disease risks have been identified, and pre-emptive actions are currently being implemented to minimize these risks as much as possible.