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Three Things to Do TODAY to S-T-R-E-T-C-H Your Money During the Pandemic

Three Things to Do TODAY to S-T-R-E-T-C-H Your Money During the Pandemic

Whether it’s a job loss, layoff, or furlough, the quicker you start making changes, the better. Acting quickly ensures you can continue meeting today’s expenses without accruing further debt and will allow you to keep on-track for your retirement goals.

  1. Get your mindset right.
    1. Even if the loss seems insignificant at first- a 10% pay cut or reduction in 401(k) matching - it can be just as damaging to your finances. As soon as you find out you will be experiencing a reduction in your income, start thinking about how you can spend less.
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Securities offered through Royal Alliance Associates, Inc., member FINRA/SIPC. Insurance and investment advisory services offered through Phase 3 Advisory Services Ltd., a registered investment advisor not affiliated with Royal Alliance.

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