COVID-19 Finances: Binghamton financial advisor stresses preparing for the worst while hoping for the best

first_img(WBNG) — While the talk of the town may be the beginning of the reopening process, one Binghamton financial advisor is urging everyone to proceed with caution. Sydlansky stresses that many lenders understand the current situation and will be willing to work with borrowers to adjust their repayment plan. He says believe it or not, you and your lender actually have a common goal. Sydlansky says that since the crisis has meant people are staying at home more many are saving money on things like gas, trips to restaurants, and recreational activities. He says this is not only an opportunity to save money but to take a look at where you can make cuts. If you do end up with an excess amount of cash because you’re spending less money during the crisis, Sydlansky says resist the urge to spend or invest it. With recent talk of a possible second wave of the virus, Sydlansky says the best thing you can do to prepare for the remainder of the crisis is to create and maintain an emergency account. He says the goal should be to have funds to cover three to six months of expenses. If you are unable to set aside that extra cash and find yourself struggling due to the crisis, he says to take a look at ways to reduce your biggest expenses such as car payments, mortgage bills and student loans. “Refill your emergency account. there could be a second wave and we could be doing this all over again in three or four months where the service industry is shut down so I would say prepare for this to happen again,” he says. “Start with something even if it’s 5, 10, 20, dollars out of a paycheck, you’ve got to start somewhere” he says. “Once you get into the habit it will be a lot easier to keep that going.” “I would encourage people to see where their spending has been the last month or two and say ‘wow I’ve been without that cup of coffee and I’ve been without that trip to the movies if I needed to I can cut back on this.'” “You want to learn from a situation like this if you weren’t prepared this time learn what you can do differently in the future,” said Paul Sydlansky of Lake Road Advisors. “Reach out to some of your lenders and see if you can negotiate, see if you can get rates lowered and see if you can get payments skipped,” he says. “Ultimately they’re going to want to work with you to help you out in the short term because they don’t want you to default on that loan or have problems in the long term.”last_img read more

CNTB performs at the “Caravan” fair in the Netherlands

first_imgIn the period from 18 to 23 January 2018, the largest and most visited camping fair in the Netherlands will be held. It is a fair “Caravan“, Which will be held in the city of Leeuwarden and where, among others, camping equipment companies offer their offer, as well as more than 200 campsites from all over Europe. The Croatian National Tourist Board will also perform at the 66 m2 stand, during which six co-exhibitors will present their offer: Cresanka – Camp Kovačine Cres, Valalta Rovinj, Jadranka Camps Mali Lošinj, Vranjica Belvedere, Camping Association of Croatia and Hadria Camp Straško, report from the CNTBIn 2017, this fair was visited by more than 47.000 people and was attended by more than 400 exhibitors on an area of ​​over 45.000 m2 of exhibition space. We add that the camping segment in the Netherlands is richer this year for another award that focuses on experiences during your stay at the camp. This is the award “The Ultimate Holiday Feeling”. There is also the “Camping Experience of the Year” award, which is jointly awarded by the online camping platform Campingnavigator.com and the “Caravan” fair. Thus, the winning camps will be announced in the following 6 categories: Wellness-Spa, Sport & Activities, Culinary, Nature, Silence and CyclingCroatian National Tourist Board for the first time at the fair in IndiaThe CNTB points out that for the first time they are organizing a performance at the OTM fair, which will be held in Mumbai from 18 to 20 January 2018. The performance will be realized in cooperation with the tourist boards of the city of Zagreb, Dubrovnik-Neretva and Zadar counties. It is a business fair, and the Croatian offer will be presented at a stand of 30 m2.last_img read more