Pandemic Budgeting: It’s Time to Start Fresh

If you have a budget, you may need to tweak it, and if you don’t … what are you waiting for?

A red change purse.
(Image credit: Getty Images)

Millions of people across the country are struggling to make ends meet, and that struggle will go on foreseeable future. They have lost their jobs or been furloughed. Many are depending on unemployment and stimulus checks to feed themselves and their families. They can’t afford both food and rent and need to make very difficult decisions. It is an awful position to be in, and hopefully those who are in better financial shape are helping out.

How do people handle their financial obligations when they are living on a financial roller coaster full of unknowns? And are there any upsides to what we’re going through?

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Securities and Advisory Services offered through Cadaret, Grant & Co., Inc., a Registered Investment Adviser and Member FINRA/SIPC. HMS Financial Group and Cadaret, Grant & Co., Inc. are separate entities.


This article was written by and presents the views of our contributing adviser, not the Kiplinger editorial staff. You can check adviser records with the SEC or with FINRA.

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Barbara Shapiro, CFP®, CDFA®, CeFT
President, HMS Financial Group

Barbara Shapiro is the President of HMS Financial Group located in Dedham, Mass. She is a CFP®, Certified Divorce Financial Analyst and a Financial Transitionist®. She is also co-author of "He Said: She Said: A Practical Guide to Finance and Money During Divorce." Her firm specializes in comprehensive financial planning with a subspecialty in divorce that assists clients' transition from marriage to independence with peace of mind and confidence. Learn more at