The COVID-19 pandemic has left many in a financial ruin (or at least in less-than-ideal financial circumstances). People are reeling from what the shutdown and quarantines did to the economy and to their personal wealth. It’s important, maybe now more than ever, to make sure your finances are on track to meet your future goals.
It’s is a good thing that businesses and travel have started to open back up. People are staring to get their lives back. Life is beginning to return to pre-Covid19 normal as vaccines are rolling out. With all this taking place, it brings additional incentive to look at your finances and see if you need to make adjustments to stay on track toward your goals. There is no better time than now to get started.
There are many factors to consider with this. That’s why so many cannot and do not manage their finances well. It simply can be a daunting task to know where to start and how to plan things out well.
It’s not overstating it to say that for many, finances can be one of the greatest causes of stress and anxiety. However, there are some simple tasks that can help get you started. Here are just a few easy ways for you to make sure your finances are on the path to success.
Conventional lenders such as banks or credit unions might decline candidates with poor credit reports because they don’t consider them trustworthy. Even a secured loan may be out of the question. Direct or online lenders may be more open to approving your application, but their terms won’t always be most favorable.
Five years ago, my wife and I were killing it with the credit card rewards we were receiving. That’s right…free stuff! We exchanged our rewards for airline miles, countless merchandise items and even received cash back in our pockets on some cards. It felt great! We were really beating the credit card rewards system at their game.