Post-lockdown I know the last few months have been difficult for many of us and especially for those who have lost a loved one. I also think we are not out of the woods yet and there is still a lot of uncertainty. But things are slowly getting back to some form of normality, although even this I think will be different, so I do think it is important to take time to reflect on what has happened.

On both a business and personal level, when I have been through times like this I try to ask myself “Would I have done anything differently?”
In a time of crisis, like many, I make lots of important decisions very quickly without taking much time to think them through, so when there is calm I believe that in order to learn by them you should revisit and analyse the steps you’ve made, to assess whether you should do things differently next time. I believe this helps when facing a similar situation in the future.

With the virus I think it is also important to analyse what could have happened. For example if you were one of the fortunate ones who received some form of pay-out,  reflect on what would have happened if you hadn’t. I do think the Government tried to help most people but there were definitely individuals who, through no fault of their own, didn’t qualify for help because they didn’t fit the criteria. 

A third of Brits have less than £600 in savings and 1 in 10 (9%) have no savings at all*. I think that the virus has reminded many of us that we don’t know what’s around the corner, and of the importance of having a rainy day fund. I’m also reminded that when we have discussed the value of life and sickness insurance in the past, many people have implied that they do not feel they need cover. But again like many I became fixated on the immensity of the number of deaths in the peak of the lockdown, and so I believe this would be the time to revisit the amount of cover you have.

Lastly, if you’re struggling financially my advice would be not to run away from it: you need to work out a way through and often just talking to someone can help. 

No matter what your situation is, we do offer a free without-obligation consultation and this could be the ideal time to utilise this facility.  One quote during the lockdown that stood out for me was, “We all want to rush back to our lives, but take a moment and work out which part of your life you want to rush back to”. Take this time to take stock and realise what is important to you going forward.
* 27th April 2020

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