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Financial planning during the pandemic

Some keys to success as we try to fend off the economic struggles ahead.

GREENSBORO, N.C. — Most of us are gravely concerned over our finances during these uncertain times. Experts are saying the basics are still what we need to embrace.

"You need to minimize expenses, establish an emergency fund and reduce debt. These are the most important factors before, during and after the pandemic." said Greg Perkins of Perkins Financial, Inc.

Job loss is a big concern these days as well. Perkins said the first thing you should do is take a deep breath.

"We tell our clients that first thing's first. Don't panic. Yes, it may be challenging in the short term but it can work out. Do not touch your retirement funds. You can receive unemployment, cut your budgets and use your savings to get through it. Ask someone who knows, like a financial planner, and get some help."

Perkins said there is light at the end of the tunnel and if we tend to remember the basics we can survive better than expected. We may even need to look in unusual places to find help.

"Unusual times cause unusual opportunities. I tell my clients that all the time and the pandemic is no exception. There are some business opportunities that we may have never thought of that are thriving now. So look in some of those unusual places as well." Perkins said.

If you want to reach out to Greg or any of the associates at Perkins Financial you can check out their website.

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