Layoffs. Tariffs. Market fluctuations.
There has been a lot of financial uncertainty recently. We’ve heard questions from members about what they need to do with their budgets, savings, and retirement accounts in the face of possible job loss or diminished returns.
SVP and Chief Banking Officer Toby Smith went on FOX 5 DC and WJZ in Baltimore to talk about the current financial climate, what people can do to weather the storm, and prepare themselves for both positive and negative outcomes. You can watch the WJZ segment below.
Toby’s main piece of advice? Don’t overreact.
“Schedule an appointment with a professional advisor. Talk to creditors and make a plan with them. Get an accountability buddy for your budget. And don’t be afraid to reach out for help.”
If you’re worried about your finances, or just want to make sure you have a solid plan in place, you can schedule a virtual or in-person appointment for a free financial wellness checkup.
