A Global Pandemic is a Good Reminder to Stress Test Your Finances on the Regular
Not to prematurely declare the current public health and economic emergencies over, because it’s not, but the reopening of some businesses this summer presents a good time for many of us to reflect on our finances. It’s a practice we self-reliant women should be doing all the time anyway, and now there is a special opportunity to assess and learn. With four grueling months of health scares, social distancing and financial instability, let’s look at how we did.
Specifically, there are four key pieces of our fiscal puzzle that should be analyzed in a post-mortem evaluation: retirement, budget, investments, and career. Each play a critical role in our overall strength and well-being, and each was stressed during the turmoil known as the first half of 2020. Without these four pillars of security, it is virtually impossible to provide for your family, security or simply enjoy your financial independence.