The purpose of the SME Credit Guarantee Scheme is to encourage additional lending to SMEs by offering a partial Government guarantee (currently 80%) to banks against losses on qualifying loans to eligible SMEs. The Credit Guarantee Scheme does not substitute for conventional lending that would otherwise have taken place.
Since nobody can predict with any certainty as to when a reasonable state of “normality” will return, we should plan according. The tips and tricks that boost one’s personal financial wellbeing in good times are doubly important when times are challenging, like now.
How to reduce financial stress and improve your well-being
15th May 2020
15th May 2020
Covid-19, Family Budgeting
Budgeting, Covid-19, financial wellbeing, Spending, Stress
Stress can have a significant impact on our financial wellbeing. So it is important to first understand what the different forms of stress are and then, to take some key steps to learn to live with stress and even manage it. In this short article, Frank Conway examines the impact of stress and essential steps one can take to control it.
The business planning process has changed significantly as a result of covid-19 and the long-term impact is still unknown. However, the emerging blueprint points to a costlier business model even before consumer behaviour is factored in.
The primary factors that impact the quality of sleep are stress, physical pain, personal finances, social isolation/loneliness. Financial stress has a major health impact including increased incidents of migraines, ulcers and depression. This can also lead to poorer work performance and workplace absenteeism.
How to build an emergency fund during a crisis
28th March 2020
28th March 2020
Covid-19, Family Budgeting, Financial Wellbeing
Covid-19, Emergency Fund, Tax Refund, Tax Relief
Our recommendation has always been to build and maintain an emergency fund equal to 3-6 months living expenses. It is still possible to build an emergency fund during the Covid-19 emergency but one needs to be extra diligent and resourceful