Wow, what a whirlwind the past 2 months have been!
We financially plan for all kinds of reasons: to pay off debt, to buy a house, to buy a car, to have an emergency fund, to go on vacation, and the list goes on…
But, many of us, myself included, probably haven’t financially planned for a quarantine, mass layoffs, and everything else that comes along with the wrath of a pandemic.
I hope everyone is doing the best they can during this difficult time.
I heard a fitting quote recently, from an unknown source, regarding the situation of COVID-19:
“We’re not all in the same boat. We’re all on different boats in the same storm.”
In other words, everyone’s situation is different. Some of us may be improving financially at this time by making more money on unemployment than when working. Some of us may be struggling financially; taking a financial loss by having to go on unemployment.
The vast differences in situations go on and on.
But, something that connects us all during this time, is financial planning and budgeting.
If we’re making less money, budgeting and cutting costs may be more important than ever. If we’re making more money, financial planning, budgeting, donating, and possibly investing may be on our minds.
Whatever the situation you’re in, be sure to make informed, decisive money moves to survive or thrive in your boat during this storm. And, remember, there may be some damage to clean up, but all storms come to an end.
Take care, Savers!
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