The one thing you probably haven't done during quarantine but should: Make a financial plan.
Most Americans are spending much more time in their homes during the COVID-19 crisis, which means they’re working, caring for family, cooking, cleaning and exercising all in the same space. Doing those tasks with not much of a physical break in between can be overwhelming.
See: These early retirees saw their investments plunge more than $200,000 — but still manage to stay calm Reviewing finances, especially in the middle of a pandemic, can be stressful and scary, but it’s necessary, said Chris Schiffer, senior vice president at Wealth Enhancement Group. He recommends tackling one task at a time, such as balancing your checkbook, reviewing 401 statements or looking over expenses. “Like anything else that you practice, you will get better,” he said. “The more you work on it, the easier it will be.
Also see: Super-early retirees rely on stocks for their future savings — will coronavirus-driven volatility derail their FIRE dreams?
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