In a year that has thrown a pandemic, natural disasters and economic calamity at us while we lurch closer to a presidential election, stability can feel elusive. No matter how well laid your plans, some new crisis might be lurking around the corner, waiting to upend your life.
While it’s never been more clear how much is out of our control, you can still take steps to improve your financial stability. And it’s not just about cash flow.
FIND YOUR IDEA OF STABILITY
Financial stability is both a state of money and a state of mind, says Ed Coambs, a certified financial planner and certified financial therapist near Charlotte, North Carolina.
On the money side, stability is straightforward. “You have a budget, you know where your money is going, and you know how much you should be saving to meet your bigger goals,” Coambs says.
“What’s a little harder is