COVID19 what a financial dilemma! This crazy pandemic hasn't just brought about a global health crisis it is also a global financial crisis. Millions of people around the world have lost their jobs as a direct result of the coronavirus, and those that still have jobs may be on reduced pay, hours and even fear they will become jobless in the future.
Finance has always been high up in the list of items that stress people. People often feel vulnerable, overwhelmed, stressed and anxious when it comes to their finances, but COVID 19 has added another level of stress. One which I feel will take some time for people to go back to their old money behaviors. We are not sure how long this will last and what the lasting effects of it will be.
Instead of pushing our financial worries, concerns and problems under the rug, we need to face them in order to move forward. Never has it been a more important time to prioritise your financial wellbeing.
Here is my list of ways you can reduce your financial stress, gain some financial resilience and begin to focus on the areas of life that are important to you, knowing you have a plan in place and you are on the right track:
1. Evaluate your current position
2. Savings
3. Reduce your debt
4. Marie Kondo your bills
5. Pause memberships
6. Upskill
7. Avoid temptation
8. Meditate
Fairien x
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