Protecting Your Finances During COVID-19

Have you ever dreamed of retiring early? Or wondered what your life would be like if you didn’t have to work a 9 to 5? An increasing number of people are redefining what retirement means for them.

In this episode of Protecting Your Finances, Karen Boothe from Engage Forward is chatting with Heather Culp and Kim Edwards about the FIRE (Financial Independence Retire Early) movement.

It’s time to go back to the classroom, and for the first time in a long time, we’re not talking about the generation of school kids today who are sick of virtual learning. These are lessons for those of us who thought we’d escaped math homework forever.

In this episode of Protecting Your Finances During COVID-19, host Karen Boothe from Engage Forward talks with Heather Culp, a commercial litigation and bankruptcy attorney with Essex Richards, and Kim Edwards, a retired e-commerce executive, about why it’s so important to focus on math in your financial planning.

Learn core budgeting principles and beyond in this third episode of the Protecting Your Finances During COVID-19 podcast.

Hosts Karen Boothe, bankruptcy attorney Heather Culp, and retired e-commerce executive Kim Edwards share advice for creating a successful budget: know your income, know your expenses, and figure out what’s a need versus a want. They suggest you take an in depth look at your paycheck, understand your expenses on a micro and macro level, and weigh the importance of what’s in your budget.

In the second episode of Protecting Your Finances During COVID-19, host Karen Boothe along with bankruptcy attorney Heather Culp and retired e-commerce executive Kim Edwards discuss how the pandemic has influenced the current economic climate and how the finances of the average American has been impacted.

COVID-19 relief support from the federal government has helped many pay down some existing debt. Credit card balances have taken a dip for the second year in a row. Many still find themselves pushing most of their loan repayment responsibilities down the line. All the while, many industries are experiencing price hikes and limited supply.

The COVID-19 pandemic has been a rollercoaster ride for many of us. While the public health issue is significant, COVID-19 has undoubtedly affected the world’s economic situation as well. We’re in a state of fragility, with people losing jobs or working reduced hours, and businesses closing due to the crisis. On an individual level, this crisis has led to increased anxiety and panic, particularly when it comes to finances.

In this inaugural episode, Attorney Heather Culp of Essex Richards and Engage Forward’s Karen Boothe discuss how you can manage financial anxiety while making sound decisions during the COVID-19 crisis. They provide advice both from a financial and a legal standpoint, particularly for those who don’t know where to start and are feeling overwhelmed.