To all of the families, residents, and business owners throughout SLO county, Our livelihood is based on opening doors, and we want you to know that ours will always be open for you. We are strong today so that we can be even stronger tomorrow. Stay safe and be healthy, - The Richardson Properties Family
During uncertain times like these, it is important to take stock of your finances. While we are all at home, taking steps to protect your finances may, in fact, be one of the most productive and beneficial things you can do. Consider the following action items to help prepare for the road ahead.
Assess your finances, comparing incoming funds to expenses, and develop a new budget based on your current situation
Review your credit card expenses with special attention to reoccurring expenses and autopay. Are you paying for anything that is no longer of value to you?
Contact service providers for flexible payment options if necessary. Consider renegotiating certain contracts like cable and internet
Prepare and file your 2019 taxes. The deadline has been extended to July 15, but file as soon as you can to collect any returns sooner
File for unemployment if you have a loss of income and qualify. The CARES Act extends unemployment benefits to gig workers, independent contractors, and self-employed individuals, who were ineligible in the past.
Do you need a small business loan? Among other benefits, the stimulus provides loan forgiveness to businesses that retain workers. Some real estate businesses may qualify even you do not file under an LLC.
Check in with your insurance agent. Are you overinsured or underinsured? Could you bundle to save more? Would you benefit from an umbrella liability policy?
Review your living trust and medical power of attorney. Are these accurate and up-to-date?