Coronavirus prompts households to rethink money matters

Posted on: May 20, 2020
Posted by: Daniel Budreika

Planning for Prosperity’s Daniel Budreika was recently featured in a News.com.au article about how people’s attitutes to money and investing has changed since Covid-19.

Almost six out of 10 Australians are taking action on their personal finances as the coronavirus causes a rethink.

Planning for Prosperity senior financial adviser Daniel Budreika said life before COVID-19 had made some people “soft” because money and luxuries were more abundant.

“When the money’s flowing you could afford to be inefficient, whether you’re a person, a business or a government,” he said.

Mr Budreika said the coronavirus had made people look inward a little more and want to review their personal situation.

“They have got more time on their hands, and money for some people is a lot tighter,” he said.

This led to people taking a greater interest in their household finances, Mr Budreika said.

Read the full article here.

May 4, 2020. Source: News.com.au. Author: Anthony Keane

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