Helping Canadians Cope With Financial Stress from the Pandemic

Helping Canadians Cope With Financial Stress from the Pandemic

“I think that having the financial plan allows you to actually have that view things are not as bad as they seem,” Ramsay said. “When you have a view what your finances are, and when you have a plan about how you actually make real financial progress, you’ll have a better sense of what is within your control.” Healthy financial habits and practices, she added, can help reduce clients’ anxiety in the long run. Having an annual financial health checkup with a planner, for example, can help them get a better sense of their financial situation and whether they’re making progress. The discipline to look at credit reports and building up savings and emergency funds, she added, are other things planners can help with.

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Source www.wealthprofessional.ca

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