Recovering from the Coronavirus Financial Impact

- by Becky Hall

Congratulations! You’ve done a lot of hard work to get your finances back in order. With your positive mindset, smart goals and careful budgeting, you are on your way to recovering from coronavirus’ financial impact.

Recovering from the Coronavirus Financial Impact - cashfloat

The Financial Impact of Coronavirus

When the coronavirus pandemic hit the UK, thousands of businesses had to close their doors. Workers lost their jobs overnight, while others were placed on furlough or saw significant pay cuts. People lucky enough to have emergency savings had something to fall back upon, while those without savings had to turn directly to borrowing to put food on the table. As the economy descended into hibernation, Britons wondered if they would ever regain financial stability.

Regaining Financial Stability After COVID-19

Here at Cashfloat, we believe that recovering from the coronavirus financial impact is an attainable goal. As you have worked your way through this guide, we hope you have gained the knowledge, tools and confidence you need to assist you on your journey. Recovering from a financial crisis can take a physical, mental and emotional toll and we want you to know that we’re here for you. We’ve compiled our downloadable worksheets all in one place, so you have easy access to the resources you need any time.


FINANCIAL HEALTH CHECKUP
WORKSHEET
SMART FINANCIAL GOALS
WORKSHEET

FINANCIAL RECOVERY PLAN
WORKSHEET
SMART SUPERMARKET SHOPPING WORKSHEET


Recovering from a financial crisis will not happen overnight, and we haven’t offered any quick-fix solutions. Rather, this guide is meant to help you address the root of debt problems and create positive financial attitudes and habits. We hope you have found this guide informative and encouraging. You can revisit this guide as often as you like for a refresher course of information, inspiration, tips and motivation. Wishing you the best of luck on your financial recovery from COVID-19!





Share
About The Author
Becky Hall
Becky never thought she would be a financial blogger. But Fate arranged that Becky had to put her accounting degree on the back burner right after she graduated with a first in Business and Accounting. While doing bookkeeping as a freelancer for private clients, Becky noticed how many cashflow problems can be solved with a little bit of education. Trying to keep her clients out of debt, Becky began writing resources which she distributed to clients. What began as writing advice for clients evolved into a passion and now Becky found her platform at Cashfloat. When she isn’t writing, calculating or budgeting, Becky can be found at her piano playing something classical.
Blog disclaimer

We do all we can to bring you interesting, practical and valuable information. However, please understand the following:

Information and data on this blog are for information purposes only. While we work hard to ensure it is accurate, we cannot accept responsibility for the accuracy, completeness, suitability or validity of any information provided on the blog. We will not be liable for any errors, omissions, losses, injuries or damages arising from its display or use. All information is provided with no warranties and confers no rights.

If you feel that any of the information published on our blog is not accurate, please notify us via email at compliance@cashfloat.co.uk

Bottom content

Cashfloat is a trading style of Western Circle Limited - Company Registration Number: 7581337. We are fully authorised and regulated by The Financial Conduct Authority. FCA full permission license: 714479. ICO Registration Number: Z3305234


* Cashfloat terms and conditions apply. Applicants must be 18 or over. All loans are subject to affordability, applicant verification and traditional credit checks via various national databases by Cashfloat responsible lending policy. In most cases, loan decisions may take up to 30 minutes during office working hours. If your bank does not support Faster Payments, funds will be sent to your account the same day as approval so long as you’re approved by 16:30.


Representative example: Borrow £900 for 7 months. 1st monthly repayment of £187.92, 5 monthly repayments of £250.56, last monthly repayment of £125.27. Total repayment £1,565.99. Interest rate p.a. (fixed) 198.72%. RAPR 529.09% Our APR includes all applicable fees. Daily interest is capped at 0.74%.


Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk

This site uses cookies. Find out more.