It's no secret that the past year has been challenging financially and emotionally. I'd like to take some time to discuss the financial hardships some may be experiencing and how to help build you back up.
Step One:
Take inventory and assess your hardship.
Step Two:
Figure out your current budget and decide where to focus first. Whether that be on catching up on your utility bills or your mortgage/rent.
Step Three:
Use any future stimulus checks wisely. Invest in the local businesses, save for your own future, or use them for any current financial hardship.
Step Four:
Decide if refinancing your mortgage or car loans would assist in your hardship.
Step Five:
Pay off any debt accumulated and focus on rebuilding your retirement funds if you borrowed from them.
Step Six:
If you have the means, invest in a property. It will build your financial security when needed.
