How to Make Financial Plans During COVID-19
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What is the main topic discussed in this episode?
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Please remember that all of the information in this podcast episode is limited to general information only. That means the information is not specific to you, your needs, goals, or objectives. So you should seek the advice of a licensed and trusted financial professional before acting on the information. And before you acquire or apply for a financial product, please read the PDS or product disclosure statement, which should be available on the issuer's website. Lastly, please keep in mind that past performance is not indicative of future performance. In this episode of the Australian Finance Podcast, Kate and I are talking about all of the changes that have come about as a result of COVID to people's personal financial strategy, including our own.
We also talk about and answer the question of whether or not it's still worth creating financial plans given everything that we've just been through. I hope you enjoy this episode of the Australian Finance Podcast.
Kate, welcome to this episode of the Australian Finance Podcast.
It's good to be back and we're recording our very first live episode, so no Zoom this week.
So the audio will be clear, we hope. We hope, yep. We did have a few mishaps.
Yeah, we haven't actually seen each other in person since February.
Yeah, it's just been Zoom since then.
We've been very careful and doing it all remotely.
Yeah, it's definitely kind of opening up down here a bit, right?
i definitely definitely prefer the face-to-face it's a bit hard talking to a screen all the time i feel a little bit like an idiot sometimes but uh hopefully we can uh do some more face-to-face moving forwards yeah we're just talking about events and all different types of ideas that kind of percolating upstairs um but what are we talking about in this episode Well, today I thought we'd just sort of have a bit of a reflection episode on some of the ways that COVID-19 has actually changed our financial approach personally and whether it's still worth making financial plans. I've seen a bit going around at the moment where people are just like, well, it's just hopeless. There's no point making a plan.
Like once JobKeeper ends, I'm just going to be in the wind and I'm not going to know what to do and it's just hopeless. There's no point making financial plans. So I thought we could have a little bit of a discussion about that as well.
Yeah, cool. There's a lot of uncertainty about that, right? We're seeing it in the news more and more. JobKeeper is meant to end in September, which is a big thing. And then there's the coronavirus supplement for job seekers.
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Chapters
5 chapters
1
What is the main topic discussed in this episode?
0:00–12:39
2
What changes have occurred in personal finance due to COVID-19?
12:39–13:19
3
Is it still worth making financial plans during uncertain times?
13:19–30:47
4
How can flexibility improve financial planning?
30:47–33:56
5
What role does an emergency fund play in financial security?
33:56–36:06
Speakers
3 identifiedMore from Australian Finance Podcast
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