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Emotions and finances: Tips for managing when times are tough

It’s OK. You may be feeling overwhelmed, anxious, fearful, or worried about the future. It’s only natural considering the current pandemic and resulting financial crisis. It’s normal to feel scared and uncertain at a time like this.

For many of us, the angst we are feeling is about money. What if I lose my job? Do I have enough money to provide for my family? Will my business survive? Will I have to let employees go? Will I be able to retire? Can I afford to send my kids to college?

You are not alone in what you are feeling. The good news is there are strategies to help you cope with your emotions when it comes to finances.

Don’t deny your feelings when it comes to money. Instead, take comfort in knowing there are trusted financial professionals who can answer your questions and ease your fears. At Alerus, we are here for you.