How to disaster-proof your finances — so the next time crisis hits, you’re ready

9 June 2020

Those in the personal finance industry want to encourage people to take steps to disaster-proof their finances so they aren’t caught unaware when another crisis emerges.

“This is an unprecedented situation,” said Cynthia Kett, a principal at Stewart & Kett Financial Advisors in Toronto. “There hasn’t been anything other than the world wars that has affected people everywhere.”

Kett says everyone should have a good idea of their annual spending on a month-by-month basis, and if they don’t, “It’s not bad to have people think about things they should have thought about before.”

She says that creating an emergency fund — the money needed to cover their needs for three to six months — is a necessity, not an option.

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About Stewart & Kett

Stewart & Kett Financial Advisors Inc.
911- 123 Front Street West,
Toronto, Ontario,
M5J 2M2, Canada
(Adjacent to Union Station)
Phone: (416) 362-6322
Fax: (416) 362-6302