Episode 4: Coronavirus and Your Finances – Advice From GreenPath CEO Kristen Holt
- March 20, 2020
- By: Greenpath Financial Wellness
In this episode of Real Stories of Financial Wellness, we want to address people’s concerns about their finances and how to best manage them during the coronavirus (COVID-19) pandemic. There is a lot of information floating around about what people should do if they experience a financial setback due. We want to clear the air and provide some real advice from Kristen Holt, President and CEO of GreenPath Financial Wellness.
0:42 What can people do if facing an income loss?
1:34 Possibly save money with lower interest rates
1:54 Draw on assets with a plan
2:14 Look to liquid assets first
2:29 Make a plan to pay back savings
3:08 What about retirement savings?
4:05 Write a repayment plan into your budget
4:52 Are there any utility programs in place to help assist people at this time?
6:30 What about student loans?
7:01 Anything else people should be aware of?
Music by Hir-O