Coronavirus change Foran Financial Group

We May Use the Pandemic as a Catalyst for Change

The Coronavirus pandemic has put all our short-term needs front and center. Just getting through one week of virtual work meetings, grade-school math lessons and grocery shopping can be a challenge. And if you’re one of the millions of Americans struggling with income loss or unemployment, those daily to-dos can feel even more pressing. 

However, as the conversation starts shifting toward when and how to reopen the country, it’s worth taking a few moments to broaden our perspective beyond immediate concerns. As hard as this experience has been, social distancing has probably changed the way you live, work, spend and communicate in a few positive ways as well. Some of the habits you’ve developed over the last couple months might be worth bringing with you once we’re all out in the wider world again.

Change How You Work

Your first few virtual conference calls were probably awkward, with participants struggling to adjust audio/video equipment and talking over each other. Now that we’ve all learned the “language” of Zoom and Skype, those meetings are becoming much more productive. 

Whether you’re a boss or an employee, explore how remote working arrangements could save time and create a more flexible and personal work routine. Once your company isn’t in crisis mode, integrating more virtual meetings into your communication rhythm might make your workforce feel more connected, especially if you have offices across the country or overseas. 

Change How You Eat

Except for the occasional curbside pickup run to support our local restaurants, most of us are eating our meals at home. Working through all those cookbooks has been an educational and entertaining way to pass time in quarantine. But it’s also been better for your health, especially if you’re not drifting in and out of the kitchen for snacks all day. 

Develop a solid menu of at-home meals you can keep in rotation so that after the pandemic, your family will still be spending some extra quality time together while eating quality food. 

Change How You Budget

Whether you’ve economized just by staying home or made some tough cuts out of necessity, quarantine has probably had a profound impact on how you spend your money. Some folks are setting a monthly budget for the very first time. 

That’s a habit we at Foran Financial Group hope will continue after this crisis passes. The single biggest factor in your financial plan is you’re spending. If you have extra cash right now because you’re not filling up your gas tank every other day and popping into coffee shops, we recommend using those funds to top off your emergency savings accounts. We can also discuss if increasing contributions to your retirement and investment accounts might be a good move while prices are low. We can meet with you in many ways – not just face-to-face. Contact us to set up a meeting that works best for you. 

Social distancing might have made you look at some of your non-essential spending in a different light. For example, under normal circumstances, were you really using those social club and gym memberships enough to justify the expense? Are there entertainment subscriptions you’re still not really using, even during lockdown? How much money could you save on food if you keep planning out weekly meals before grocery store runs?


The financial advisors at Foran Financial Group are here for you. Contact us and get prepared for when life gets back to normal. 


Change How You Live

We’ve all experienced the Coronavirus pandemic in both public and personal ways. Some of us can’t wait to jump right back into our old routines and add in a few positive habits we’ve picked up during quarantine.

But maybe working from home has made you realize that you want to keep working from home – as your own boss. 

Maybe the necessity of social distancing has made you think about all those unrealized vacation dreams. 

Maybe video chatting with friends and family scattered across the country has you thinking about relocating. 

Maybe you’ve been asking yourself, “Before all this started, was I really using my money to live my best possible life?”

If the Coronavirus pandemic has added some new transitions and destinations to your life, the best time to start making those plans is right now. At Foran Financial Group, we are online and ready to talk about the changes you want to make to keep your financial plan in sync with the life you want to live. 


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Foran Financial Group has a combined 58 years of experience helping families with their financial plans.

The foregoing information has been obtained from sources considered to be reliable, but we do not guarantee that it is accurate or complete, it is not a statement of all available data necessary for making an investment decision, and it does not constitute a recommendation. Any opinions are those of the advisor, and not necessarily those of Raymond James. Investing involves risk and you may incur a profit or loss regardless of strategy selected. Every investor’s situation is unique and you should consider your investment goals, risk tolerance and time horizon before making any investment. Prior to making an investment decision, please consult with your financial advisor about your individual situation. Past performance may not be indicative of future results.