{"id":3965,"date":"2021-03-24T16:52:17","date_gmt":"2021-03-24T20:52:17","guid":{"rendered":"https:\/\/lgcassocprod.wpengine.com\/?p=3965"},"modified":"2023-06-23T18:25:20","modified_gmt":"2023-06-23T18:25:20","slug":"financial-future-after-coronavirus","status":"publish","type":"post","link":"https:\/\/lgcassociates.com\/es\/financial-future-after-coronavirus\/","title":{"rendered":"Post Coronavirus: Planning for Your Financial Future"},"content":{"rendered":"

It\u2019s been over a year since the coronavirus\u00a0<\/span>emerged<\/span>\u00a0and changed\u00a0<\/span>how we do j<\/span>ust about\u00a0<\/span>everything<\/span>\u00a0<\/span>in our lives, including how we<\/span>\u00a0save and<\/span>\u00a0spend our money.\u00a0<\/span>\u00a0<\/span><\/p>\n

Planning for Your Financial Future After the Coronavirus<\/strong><\/h5>\n

With thousands of people out of work\u00a0<\/span>and businesses suffering across the country, the financial crisis\u00a0<\/span>became<\/span>\u00a0<\/span>so\u00a0<\/span>severe\u00a0<\/span>that it forced everyone to rethink how they\u00a0<\/span>save<\/span>\u00a0money.\u00a0<\/span>For some, the effects and length of the coronavirus have <\/span>caused long term financial\u00a0<\/span>problems\u00a0<\/span>that\u00a0<\/span>are<\/span>\u00a0hard to get out u<\/span>nder from.\u00a0<\/span>This is particularly an issue for hourly workers or those in the hospitality and foodservice industries\u00a0<\/span>that\u00a0<\/span>were affected most by\u00a0<\/span>the coronavirus. <\/span>\u00a0<\/span><\/p>\n

Now that vaccines are being distributed on a larger scale<\/span>\u00a0and new cases are decreasing, it\u2019s a good time\u00a0<\/span>to consider your\u00a0<\/span>future<\/span>\u00a0<\/span>past COVID-19<\/span>.<\/span>\u00a0Use these ideas to help you start creating your own financial plan:<\/span>\u00a0<\/span><\/p>\n

Don\u2019t\u00a0<\/span><\/b>quit your day\u00a0job<\/span><\/b>\u00a0<\/span><\/h5>\n

With stimulus payments and tax returns coming around the same time (depending on when<\/span>\/if<\/span>\u00a0you filed your taxes),\u00a0<\/span>it may be tempting to use that additional money to take time off work<\/span>\u00a0or quit completely<\/span>. While you should feel encouraged to use your days off to\u00a0<\/span>rest and relax<\/span>, aba<\/span>ndoning your job completely\u00a0<\/span>is<\/span>\u00a0probably not the right thing to do, especially with the\u00a0<\/span>continued\u00a0<\/span>presence of the coronavirus. <\/span>\u00a0<\/span><\/p>\n

This might\u00a0<\/span>actually\u00a0<\/span>be<\/span>\u00a0<\/span>a<\/span>\u00a0<\/span>good\u00a0<\/span>time to consider new ways to bring in income<\/span>\u00a0to help preserve or grow your savings.\u00a0<\/span>Many companies exist\u00a0<\/span>that<\/span>\u00a0offer freelance or other gig employment opportunities within a variety of industries such as ride sharing, marketing<\/span>,<\/span>\u00a0<\/span>and<\/span>\u00a0hospitality.\u00a0These resources are easily identified\u00a0<\/span>by searching online and<\/span>\u00a0allow you to secure project or shift assignments around your schedule.\u00a0For example,\u00a0<\/span>as a hospitality staffing\u00a0<\/span>company<\/span>,\u00a0<\/span>LGC\u00a0<\/span>offers diverse shift assignments through the app LGC Now<\/a><\/span>.<\/span>\u00a0<\/span><\/p>\n

Use\u00a0<\/span><\/b>\u2018bonus\u2019 income<\/span><\/b>\u00a0wisely<\/span><\/b>\u00a0<\/span><\/h5>\n

Some people will need to use their stimulus payments and tax refunds immediately to put towards bills or other hous<\/span>ehold necessities, and that\u2019s perfectly okay. But if you don\u2019t have any urgent\u00a0<\/span>reason to spend it, the wisest thing to do would be to\u00a0<\/span>save it or find a way to invest in your future or the future of communities that are important to you.\u00a0<\/span>Here are some tips\u00a0<\/span>and<\/span>\u00a0ideas\u00a0<\/span>for how to\u00a0<\/span>spend (or save) your stimulus\u00a0money:<\/span>\u00a0<\/span><\/p>\n