Career Connection: Financial Strategies for Difficult Times | AIChE

You are here

Career Connection: Financial Strategies for Difficult Times

Career Connections


This has been a year of continuous uncertainty and upheaval. The novel coronavirus and the resulting lockdown have driven the economy into a recession from which we are only slowly beginning to emerge. Many of us are adapting to unexpected challenges such as pay cuts, furloughs, home schooling, and/or remote work. These stressors can take a toll on our daily lives and impact our finances.

Some of us, however, have found that our expenses have decreased during quarantine. “You may have saved money on dry cleaning, dining out, entertainment, or transportation. One couple I work with is saving $500 each month because they are no longer attending Broadway shows, which was their favorite pastime,” says Felicia Garland, a certified financial planner with Krietzberg Wealth Management and registered representative of Lincoln Financial Advisors Corp.

Even if you are spending less than you did last year, your financial situation may still be keeping you up at night. “Folks are feeling financially unstable right now and we’re seeing a lot of fear. Individuals are coming to us and saying, ‘I was going to retire in five years, now I may...

Would you like to access the complete CEP Article?

No problem. You just have to complete the following steps.

You have completed 0 of 2 steps.

  1. Log in

    You must be logged in to view this content. Log in now.

  2. AIChE Membership

    You must be an AIChE member to view this article. Join now.

Copyright Permissions 

Would you like to reuse content from CEP Magazine? It’s easy to request permission to reuse content. Simply click here to connect instantly to licensing services, where you can choose from a list of options regarding how you would like to reuse the desired content and complete the transaction.