Covid-19 and Financial Uncertainty

Financial uncertainty during Covid-19

To say that the past few weeks have been surreal would be an understatement at best. For myself personally, I went from looking forward to an overseas trip I had been planning for this very week, to that trip being cancelled about a week and a half ago, to gyms and restaurants closing and all events being cancelled for the forseeable future. And this is only part of what is playing into the current financial uncertainty.

A Covid-19 Hurricane

The shortages of supplies in the grocery stores and supermarkets rival that of a pending hurricane. Except that you know that with a hurricane, there is an end in sight – it’s going to make landfall at some point, usually within days.  With Covid-19, this “new normal” could last weeks, even months. At this point, no one knows what is going to happen – all we have are models and forecasts.

I compare the pandemic to a hurricane, but really, it doesn’t compare at all. This is unprecedented in recent history, and we don’t know how it’s all going to play out. Depending on your employment industry, you may be feeling the impact already to your finances. So what, if anything, can you do now to prepare yourself for financial uncertainty in the upcoming weeks? If you’ve already got a plan in place for your finances, what needs to change given recent events?

Help in Financial Uncertainty

If you’re seeking guidance on how to navigate this time, don’t hesitate to reach out for help. I’m here to help guide my clients during this period of financial uncertainty, and I hope to help as many people as I can. There are ways to strategize based on your specifics, and often a new set of eyes can find a way, where there seems to be no way. Book a complimentary 30-minute session on my calendar, today.

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