COVID Strategy: Stay Calm and Safeguard Your Financial Plan

Listen to this Podcast


COVID Strategy: Stay Calm and Safeguard Your Financial Plan

As we’ve seen in the first quarter of 2020, a crisis can strike at any moment. When this happens, naturally we want to protect what is most important to us. This includes our health, our finances, and our family. In the midst of the COVID-19 pandemic, all three feel endangered.

Protecting Your Health

As the COVID-19 pandemic progresses, it is important to implement strategies to maintain a strong mental state. Here are some best practices to ensure peace of mind:

  • Follow the advice of health experts and government authorities by practicing social distancing and or self isolation. Find more information here.
  • If you feel ill, consult your doctor as to whether you need to be tested for COVID-19.
  • Stay connected and maintain your social networks. To combat the effects of isolation use video conferencing apps like Facebook Messenger or WhatsApp to check in regularly with family, friends and associates. In times like these having the right mental state creates the foundation for strength moving forward.

Safeguard Your Finances

Another way to feel more secure is to ensure that your finances are as protected as possible so that you can confidently weather the storm.

Follow these tips:

Cashflow & Budgeting
Re-evaluate your cashflow based on your current total income and your required expenses to live. Focus spending on essentials for now. If you lose your job or your income takes a hit, make yourself aware of all the government programs that will be available to you. You can find information on these types of programs here.

Your Investments
It is not uncommon for markets to drop during times like these. The good news: we have recovered from many market corrections. Rather than making fear-based decisions, speak to a financial advisor who will help you understand what is happening in the market and how it may impact your plan. Reach out to a Carte Financial Group Advisor to set up a virtual meeting.

Insurance Coverage
Another way to feel more secure is to implement safeguards that will protect your long-term goals. Are you prioritizing your insurance coverage so that you can keep calm during a crisis?

Disability insurance provides financial protection by replacing a percentage of your income if you are unable to work because of an injury or illness.

Critical illness insurance offers flexible protection by paying a lump sum that you can use however you like, should you be diagnosed with one of the covered illnesses or conditions. You can use it to replace your income so you can focus on recovery, reduce debts to alleviate financial stress, or cover the cost of additional help for you and your family.

Yet, while many Canadians have life insurance, they often skimp on critical illness and disability insurance. Too many simply don’t have the funds to cover expenses if they can’t work because of a serious illness or a prolonged recovery period due to an injury.

The cost of protection could be less than $40 a month, especially if you purchase insurance while you are young, when it’s most cost effective, and you can protect your productive working years.

Contact your Carte Financial Group Advisor today to set up a virtual meeting and find out how affordable this important form of financial protection could be for you and your family.

145 thoughts on “COVID Strategy: Stay Calm and Safeguard Your Financial Plan

  1. cbd oil reviews says:

    Can I simply just say what a comfort to uncover someone that actually knows what they’re discussing on the net. You certainly realize how to bring an issue to light and make it important. More people should look at this and understand this side of the story. I was surprised you aren’t more popular given that you most certainly have the gift.|

  2. Raja Bokep says:

    I’m not that much of a online reader to be honest but your blogs really nice, keep it up! I’ll go ahead and bookmark your website to come back in the future. Cheers|

  3. check here says:

    naturally like your website but you have to test the spelling on several of your posts. Several of them are rife with spelling issues and I find it very troublesome to inform the reality then again I will surely come back again.|

  4. best tech news says:

    Hmm is anyone else having problems with the pictures on this blog loading? I’m trying to determine if its a problem on my end or if it’s the blog. Any suggestions would be greatly appreciated.|

  5. หนังออนไลน์ says:

    Hello there, just became alert to your blog through Google, and found that it is really informative. I’m going to watch out for brussels. I’ll be grateful if you continue this in future. Lots of people will be benefited from your writing. Cheers!|

  6. 다음드 says:

    We are a gaggle of volunteers and opening a brand new scheme in our community. Your site provided us with helpful information to work on. You’ve done an impressive job and our entire neighborhood will probably be grateful to you.|

  7. Space coffins says:

    What’s Going down i’m new to this, I stumbled upon this I’ve found It absolutely useful and it has aided me out loads. I am hoping to contribute & assist different customers like its aided me. Great job.|

  8. 스포츠방송 says:

    I simply couldn’t leave your site before suggesting that I extremely enjoyed the usual info a person supply for your guests? Is going to be back steadily in order to investigate cross-check new posts|

  9. kynu bình tân says:

    Hi there I am so delighted I found your website, I really found you by accident, while I was browsing on Yahoo for something else, Nonetheless I am here now and would just like to say kudos for a incredible post and a all round exciting blog (I also love the theme/design), I don’t have time to go through it all at the moment but I have book-marked it and also included your RSS feeds, so when I have time I will be back to read more, Please do keep up the fantastic work.|

  10. gai goi binh thanh says:

    Hello there! This is kind of off topic but I need some help from an established blog. Is it very hard to set up your own blog? I’m not very techincal but I can figure things out pretty fast. I’m thinking about making my own but I’m not sure where to start. Do you have any points or suggestions? With thanks|

  11. Rymden 77 says:

    whoah this weblog is wonderful i love reading your posts. Keep up the great work! You understand, lots of people are hunting round for this info, you could aid them greatly. |

  12. seo agency says:

    Hey there! I’m at work browsing your blog from my new apple iphone! Just wanted to say I love reading your blog and look forward to all your posts! Carry on the fantastic work!|

  13. Best CBD Oil says:

    When I initially commented I clicked the “Notify me when new comments are added” checkbox and now each time a comment is added I get several e-mails with the same comment. Is there any way you can remove me from that service? Thanks a lot!|

  14. aaxll says:

    obviously like your web site however you need to check the spelling on quite a few of your posts. Several of them are rife with spelling problems and I find it very bothersome to inform the truth on the other hand I’ll definitely come back again.|

  15. charlotte's web lawsuit says:

    I loved as much as you will receive carried out right here. The sketch is tasteful, your authored material stylish. nonetheless, you command get bought an nervousness over that you wish be delivering the following. unwell unquestionably come further formerly again since exactly the same nearly very often inside case you shield this hike.|

  16. Alexander Kime says:

    Hi there just wanted to give you a quick heads up. The words in your post seem to be running off the screen in Chrome. I’m not sure if this is a formatting issue or something to do with internet browser compatibility but I thought I’d post to let you know. The layout look great though! Hope you get the problem resolved soon. Many thanks|

  17. walk in cooler doors says:

    Thank you for some other informative web site. The place else may just I am getting that kind of info written in such an ideal manner? I’ve a challenge that I am just now working on, and I’ve been on the glance out for such information.|

  18. visit says:

    Excellent post however I was wanting to know if you could write a litte more on this topic? I’d be very thankful if you could elaborate a little bit further. Many thanks!|

  19. 家務助理 says:

    I’m really loving the theme/design of your web site. Do you ever run into any internet browser compatibility issues? A small number of my blog visitors have complained about my site not working correctly in Explorer but looks great in Chrome. Do you have any ideas to help fix this issue?|

  20. 家務助理 says:

    I was curious if you ever considered changing the page layout of your site? Its very well written; I love what youve got to say. But maybe you could a little more in the way of content so people could connect with it better. Youve got an awful lot of text for only having one or two pictures. Maybe you could space it out better?|

  21. horrible says:

    Great goods from you, man. I’ve understand your stuff previous to and you are just too magnificent. I actually like what you have acquired here, certainly like what you are saying and the way in which you say it. You make it enjoyable and you still care for to keep it smart. I can’t wait to read far more from you. This is actually a great website.|

  22. used cars in omaha says:

    Great post. I used to be checking constantly this blog and I’m impressed! Very useful information specially the final part 🙂 I care for such info a lot. I was seeking this particular info for a very lengthy time. Thank you and good luck. |

  23. CBD Lube says:

    Your style is so unique compared to other people I’ve read stuff from. Thank you for posting when you have the opportunity, Guess I’ll just bookmark this blog.|

  24. Ben Marks says:

    whoah this blog is magnificent i like reading your articles. Keep up the great work! You recognize, many persons are hunting around for this info, you could aid them greatly. |

  25. read more says:

    I like the helpful information you provide in your articles. I will bookmark your blog and check again here frequently. I’m quite certain I’ll learn plenty of new stuff right here! Best of luck for the next!|

  26. yardz: April 2008 says:

    Hey! This is my first comment here so I just wanted to give a quick shout out and tell you I genuinely enjoy reading through your posts. Can you suggest any other blogs/websites/forums that go over the same subjects? Appreciate it!|

  27. iebschool.com says:

    I am not sure where you are getting your info, but great topic. I needs to spend some time learning much more or understanding more. Thanks for great info I was looking for this info for my mission.|

  28. 78 am says:

    Der australische Paralympics-Tennismeister Dylan Alcott hat die Auslassung des Rollstuhlturniers bei den US Open als „ekelhafte Diskriminierung“ bezeichnet.

    Büros, Einzelhandelsgeschäfte, Restaurants im Freien, Friseursalons und Friseurläden gehören zu den Unternehmen, die während der zweiten Phase ihre Türen wieder öffnen dürfen.

  29. casino tips says:

    Very nice post. I just stumbled upon your weblog and wanted to say that I’ve truly enjoyed surfing around your blog posts. After all I’ll be subscribing to your feed and I hope you write again very soon!|

  30. gambling tips says:

    Hello there! I know this is kinda off topic however , I’d figured I’d ask. Would you be interested in trading links or maybe guest authoring a blog post or vice-versa? My blog covers a lot of the same subjects as yours and I believe we could greatly benefit from each other. If you might be interested feel free to shoot me an email. I look forward to hearing from you! Awesome blog by the way!|

  31. Theresa Mccullough says:

    Hi, i think that i saw you visited my web site thus i came to “go back the favor”.I am attempting to in finding issues to enhance my site!I assume its good enough to use a few of your ideas!!

  32. Riya Howard says:

    Nice read, I just passed this onto a friend who was doing a little research on that. And he just bought me lunch since I found it for him smile Thus let me rephrase that: Thank you for lunch!

  33. Santiago Riddle says:

    Excellent post. I was checking constantly this weblog and I am inspired! Very useful info specifically the closing part 🙂 I take care of such information a lot. I was seeking this particular info for a long time. Thank you and best of luck.

  34. Kyron Rasmussen says:

    I am not positive the place you’re getting your information, but good topic. I must spend a while learning much more or working out more. Thank you for great information I was in search of this info for my mission.

  35. Roland Partridge says:

    Wonderful goods from you, man. I have keep in mind your stuff previous to and you are just extremely great. I actually like what you’ve acquired right here, certainly like what you are stating and the way wherein you say it. You are making it enjoyable and you continue to take care of to stay it smart. I can’t wait to learn much more from you. This is really a terrific site.

  36. Justin Warren says:

    I am so happy to read this. This is the type of manual that needs to be given and not the random misinformation that is at the other blogs. Appreciate your sharing this best doc.

  37. Demi Branch says:

    I’ve been exploring for a bit for any high quality articles or weblog posts on this kind of area . Exploring in Yahoo I finally stumbled upon this website. Reading this information So i am happy to show that I have a very excellent uncanny feeling I discovered exactly what I needed. I such a lot indubitably will make sure to don’t fail to remember this website and give it a glance regularly.

  38. Jaya Gunn says:

    I loved as much as you’ll receive carried out right here. The comic strip is tasteful, your authored subject matter stylish. nonetheless, you command get bought an impatience over that you wish be turning in the following. in poor health indisputably come more until now again since precisely the same nearly very regularly within case you defend this hike.

Leave a Reply

Your email address will not be published. Required fields are marked *