Can you weather the storms of financial winters?
Whether they're making headlines or silently creeping in, financial winters are a regular part of life. They might slowly drain earnings or savings, or hit suddenly, burning a huge hole in our pockets. Unexpected events like rising living costs, market downturn and unemployment, emergencies, or festive spending can cause cashflow scarcity.
Financial winters come at a cost – both financially and emotionally.
But, here's the silver lining: they offer a chance to build healthy money habits and develop resilience.
It's important to go back to basics.
And ask better questions.
What are your non-negotiables that sustain your well-being?
Can you sustain debt?
Do you have appropriate insurance in place: life, income, health, assets.
How much money do you truly need?
How much can you keep and save to cope with the next financial winter? including the next year festive shopping?
Can you get a financial lifeline by accessing debt advice or financial support? (check out StepChange Debt Charity and Turn2us)
Embrace the season, not just as a challenge, but as an opportunity for growth and financial well-being. Normalize this conversation. Today and every day.
If you're interested in bringing financial education to your home, organization, or community, I'm here to discuss it!