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How to make the right personal finance decisions during a crisis

29 April 2020 by National Bank
Inforgraphics – Managing Your Personal Finances During an Economic Recession

COVID-19 has brought its share of uncertainty when it comes to personal finances. If this crisis has affected your financial situation, you may be having trouble making the right decisions. Answer a few questions to uncover helpful advice depending on your current situation. Remember: it’s never too late to make the right choices so you can accomplish your goals. 

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Obviously, each situation is unique and we’re here to help you during this exceptional period. You can also check out other content to learn how to create a budget that really works and get other pieces of advice on your personal finances. 

If you’re looking for tips and strategies for your investments, read the advice from our expert, Jonathan Durocher, as well as our pointers on other opportunities you can seize during these times. 

If you’re retired or soon to be, here’s some information that could help you.

As a self-employed worker, this information is more relevant to your situation. 

Finally, take a look at the different relief measures offered by various government bodies and the National Bank. These are updated regularly. 

Legal disclaimer

1 The NBI Unconstrained Fixed Income Fund (the “Fund”) is offered by National Bank Investments Inc., a wholly owned subsidiary of National Bank of Canada. National Bank Trust Inc. acts as portfolio manager for the Fund and J.P. Morgan Investment Management Inc. (JPMIM), an indirect wholly owned subsidiary of JPMorgan Chase & Co. (JPMC), acts as portfolio sub-advisor for the Fund. J.P. Morgan Asset Management (JPMAM) is the brand name for the asset management business of JPMC and its affiliates.

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus of the Fund before investing. The Fund’s securities are not insured by the Canada Deposit Insurance Corporation or by any other government deposit insurer. The Fund is not guaranteed, its values change frequently and past performance may not be repeated.

Views expressed regarding a particular company, security, industry, market sector, future events (such as market and economic conditions), company or security performance, upcoming product offerings or other projections are the views of only J.P. Morgan Asset Management, as of the time expressed and do not necessarily represent the views of National Bank of Canada and its subsidiaries (the “Bank”). Any such views are subject to change at any time based upon markets and other conditions, which could cause actual results to differ materially from what J.P. Morgan Asset Management presently anticipate(s) or project(s). The Bank disclaims any responsibility to update such views. These views are not a recommendation to buy or sell and may not be relied on as investment advice.

© 2020 National Bank Investments Inc. All rights reserved. Any reproduction, in whole or in part, is strictly prohibited without the prior written consent of National Bank Investments Inc.

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