Preparing for loss and hardship

Loss and hardship can happen to anyone, at any time. Sometimes you can see it coming, but often it’s a surprise and can happen in the blink of an eye. From job loss to health emergencies to becoming a primary caregiver for a family member who needs your support, you can find yourself in a sticky financial situation, feeling like there’s no way out from under it. But you can get through this, and you will – we know it.

There are some things you can do ahead of time to help you manage – and we’re always here for you.

  • Be prepared. Thinking or talking about potential loss or hardship when things are going well may be uncomfortable, but that’s actually the best time to start planning for the unexpected.

  • Know what you would trim if you need to cut expenses. If you manage your budget every month, you should have some sense of what you can cut down on when you need to tighten your spending habits. 

  • Have emergency funds. It is generally recommended that you have enough money set aside to make it through 3–6 months worth of expenses to cover unexpected losses. 

Reach Out Anytime

Our financial advisors can help you prepare for the unexpected with solutions such as emergency savings accounts or insurance options for your credit accounts. We can also help you when hardship hits by offering repayment relief or loan solutions that won’t do more harm to your financial situation.


Check out these helpful articles

Money Advice for Life

The importance of having an emergency fund

Money Advice for Life

View more blogs