When it comes to managing money, especially during a global health and financial crisis, prioritization is key.
Whether you’re earning a reduced salary, collecting unemployment, or just trying to make smart decisions for the future, answering a few questions can help you make the most of every dollar.
If you’re in a secure financial position and looking to the future, SmartAsset’s free tool can find a financial planner to help »
As if managing money wasn’t hard enough, chances are you have some new obstacles to contend with during the coronavirus outbreak.
Financial unrest is an unfortunate reality right now, but that doesn’t mean you should throw caution to the wind. You still have a chance to be thoughtful about the money you have coming in, whether you’re earning a reduced salary, collecting unemployment benefits, or simply preparing for an uncertain future. See the rest of the story at Business Insider
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You may not want to think about end-of-life planning, especially if you’re young and healthy.
However, the current pandemic has highlighted the need for all of us to think about our end-of-life wishes.
You can write your own will as long as you pay attention to your state’s laws to make sure it’s valid.
While you’re at it, draft an advance healthcare directive as well. This tells your doctor and your family what end-of-life medical care you want.
We are all going to die someday, but most of us don’t like to think about that. A recent survey by Caring.com and YouGov found that more than 30% of people don’t have any estate planning documents, such as a will or trust.
I feel lucky that I just happened to have gotten around to updating my (very out-of-date) estate planning documents a few weeks before the Bay Area went into self-quarantine. I was able to get new documents drafted by my attorney. If I hadn’t done that, I would be scrambling to write my own will and advance healthcare directive right now. You should, too.See the rest of the story at Business Insider
Original Source: Now is the time to write your will, and there are a few ways to do it while you’re stuck at home in quarantine
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