Bountiful: The Heart Of Money Management

During a time of pandemic, you may have asked, “What do I do now?” From a personal finance perspective, we have a few suggestions:Don’t panic – retirement accounts lose value and gain value in moments of time, but, in the long run, they provide a good return to investors. Experts say that time in the market is more important than timing the market, so, especially if you don’t need the money now, avoid panic selling.Evaluate your risk tolerance – if your long-term savings have been in volatile investments, are you going to be okay through the market’s ups and downs? This may be a good time to consider diversification options for your future investments.Do the things you’ve been putting off – some people delay creating a budget due to time constraints. If you’re quarantined, maybe you’ve got more time on your hands to do things like make a budget, write a will, read personal finance material, or study the Scriptures to see what God says about money.Take note of the “essential” businesses – this is especially tr