Managing Your Finances in a Financial Downturn

Course details

During a financial downturn or recession, even peeking at the numbers in your bank account can be stressful. But even when times are tough, you can still take steps to stay ahead financially. This course shows you how. Join longtime financial advisor Winnie Sun as she shares strategies for protecting your finances and thinking about investing during challenging financial times. Winnie provides a fresh perspective on budgeting, as well as how to evaluate your budget to spot ways to reduce costs. She details how to build a financial first-aid kit that ensures you can easily access important financial documents in critical situations. Plus, Winnie shares expert tips for developing an investing strategy that matches your personal investment goals.

Topics include:
Give examples of useful goals and ill-defined goals.
Describe the steps in building a budget and reducing costs.
Define a financial first aid kit and explain how it is implemented and used.
Describe possible steps to getting started in investing.
Define a time horizon and describe its importance in financial decisions.

Concepts

0. Introduction

01 - Keys to financial success in a downturn

1. Create a Budget and Reduce Costs

02 - A fresh perspective on budgeting
03 - Getting your budget started
04 - Look for ways to reduce costs

2. Build Your Financial First Aid Kit

05 - Build your financial first aid kit

3. Develop an Investing Mindset

06 - Start with your financial goals
07 - Understanding your time horizon
08 - Keys to working with a financial advisor

Conclusion

09 - Focus on the financial actions you can control

Managing Your Finances in a Financial Downturn

Authors

Winnie Sun