Covid-19 Money Stress

Manage Money Stress

It’s normal to be worried about money right now. But there are some positives.

Think of the money you’re saving by staying home more often (less driving, fewer meals out).
Find creative ways to save more. A lot of businesses are offering free or discounted deals.
Take some time at home to go over your budget. Plan out your next few weeks to feel more secure.
If you do not have a rainy day fund, the time to start is now.

Try to have enough money to cover three to six months’ worth of essentials (these are the thing you need like rent and food) saved up. This fund will give you some cushion in case you lose your job or need to take on extra expenses.
Set a goal of having the equivalent of your annual salary saved up. This may seem pretty unrealistic but start small and see how that goes.

Now, you should click here to read about budgeting.

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