ECCB Encourages Sound Financial Planning in Midst of COVID-19 Pandemic

CEO at the National Commercial Bank of Anguilla, Sharmaine Francios, advises that: 'Now is not the time to put financial planning on hold.'

Francois is the guests on this week's episode of ECCB Connects; she discusses financial planning during uncertain times.

Notwithstanding the global COVID-19 pandemic, Francois is encouraging people to continue sound financial planning. She says while it is understandable that there may have been some interruptions to income, financial planning must continue. She recommends that people reassess their spending and prioritise essential over non-essential needs.

Advising on whether it is the ideal time to make major financial investments like a mortgage or a student loan at this time, Francois said it all depends on affordability and if a person's cash flow situation can support the decision. She points out that during the pandemic, interest rates are at the lowest across the region and it is an opportune time for investors and borrowers to take advantage of the low interest rates environment, once its affordable.

For more information on the discussion on financial planning during uncertain times, view this week's episode of ECCB Connects: