It’s easy to hide from money woes, especially when you have had a wage cut. But with the economy looking so uncertain, now is the time to get organised.
The coronavirus crisis has had a massive impact on people’s finances. For some households, the lockdown has led to a huge drop in income and little prospect of more money coming in any time soon.
Others have been more fortunate and are still earning their salary, but are unable to spend it on the things they would normally buy. But even if you are in the fortunate position of having earned as normal through the crisis, you probably have one eye on the future.
Reduce your spending on essentials.
Some of the things you would do in normal times to save money are not an option now, such as visiting several shops to get the best price for food. The easiest way to cut costs is to trade down to a budget supermarket, or from brands to own brands and essential ranges.
Think about how you can improve the income side of the equation. If there are things you have paid for and are not able to use – if, for example, you had a holiday booked or have a season ticket for traveling to work – ask for a refund.
We offer a variety of services and solutions to help ease the burden on your finances. Give our office a call on 029 2064 1098 and speak to our head consultant Tony Arcopinto, for a complimentary, confidential consultation and let’s help you get your finances back on track today.