CORAL SPRINGS, FL – This past year has been a time filled with concern, uncertainty, and questions related to health, jobs, and finances. 

As a financial representative for NPC Financial, I have received more calls than ever before from clients asking questions about making the right financial decisions during the pandemic.

Here are a few of those questions and my responses.

How do I manage my money or save money during the pandemic?

Everyone is struggling right now, so you might find that certain vendors or service providers are more willing to be flexible. It pays to contact these vendors and see if they're amenable to looser payment terms or special promotions to reduce costs.

As far as managing money, it's about necessity.  Do you need that extra Starbucks coffee each week?  Can you eat in more often and forgo the higher-priced food items at the grocery store? Where are you putting your savings?

What if I get sick or injured during the pandemic?

Before anything unfortunate happens, you should think about the type of protection you currently have in place other than health insurance. 

- Do you work for a group that offers benefits such as short-term and long-term disability?

- Are you the owner of a business?  Or does the business rely on your ability to work for it to thrive?

- Are you a 1099 employee? Do you have some type of income protection in place?  What are some of those options?

Planning is key. Proper planning will help alleviate some concerns about what is next if there is an injury or sickness for an extended period. 

What happens if I lose my job?

Once again, it comes back to planning.  A job loss may be unexpected, but it's how we save prior to this catastrophic event that will set us up properly.

- Have you done a monthly budget?

- How long will you be able to meet your expenses?

- How many months will your savings last?

In order to sustain your savings, your investments, and your future, it's important to get organized and prepared.  

A rule of thumb is to have enough money saved in an emergency fund to stay afloat for three to six months without income.  

Consider talking to a financial professional to discuss your protection options and growth needs.

Josh Krone, a former Coral Springs resident, is a financial representative at NPC Financial. He can be reached at: or 561-715-2281.


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POLICE BLOTTER: Vehicle Fire, Sexual Batteries, Animal Bites, And More: Coral Springs Police Bulletin, March 24-30


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