Has flattening the curve flattened your wallet? Are you feeling the burn? The “Coronacoaster” has caused unprecedented chaos.
This tiny virus has a huge effect on all of us and is so much more than a public health crisis. Most of us are experiencing the economic collateral damage firsthand. As people begin to peek at their devastating finances, many wonder if things will ever go back to normal.
It’s a stressful time for many reasons and if you have to worry about how to get by financially, the added stress may cause you to feel completely overwhelmed. Will you ever get out of debt? Can you rebuild your savings? Is saving for a holiday nothing but a dream right now?
The good news is that there are steps you can take today to potentially restore your financial wellness faster. The first thing to know is that you are not alone. Financial problems can feel isolating and introduce feelings of incompetence. Dealing with setbacks and debt is not shameful, it’s responsible. The pandemic, like a tsunami or an earthquake, is a natural disaster. Devastating? Certainly. But your fault? Hardly.
Remember, small changes can add up to big savings.
Your financial recovery plan is not a sacrifice, it’s a commitment to invest in your financial wellbeing. Yes, it might be tough to skip your morning latte from your favourite coffee shop, but living debt-free and financially independent is so much more rewarding.
Source: aheadofthecurve.investec.co.za, cashfloat.co.uk, verywellmind.com, blog.massmutual.com, gflec.org, financialmentor.com
DISCLAIMER: The information on this website is for educational purposes only, and is not intended as medical advice, diagnosis or treatment. If you are experiencing symptoms or need health advice, please consult a healthcare professional.