Op-Ed: It’s not time to panic, it’s time to plan your finances during coronavirus pandemic
Phynart StudioPrior to the Covid-19 pandemic, an astounding 53% of the American population felt anxious about personal finances. Undoubtedly, that percentage has grown significantly, with more than 26 million Americans becoming unemployed since then. The statistics are alarming, but it is not time to panic — it's time to plan.Although many financial plans will need to be reassessed due to the changes that businesses and households face, proactive planning will aid you in achieving your short- and long-term financial needs and goals, especially in times of hardship.To gain perspective and make decisions, you can evaluate your current assets, weigh your risks, rework projections to match the new conditions and proactively alter plans according to your needs, goals and values.1. Manage your r...