Two out of 3 adults say that money is a significant source of stress in their life this year. And more than half say they have experienced a negative financial impact from the pandemic. How about you? How are you doing? In today’s podcast we’ll talk about reassessing your financial life. We’ll -
Reassess Your Situation
· lost job
· pay cut
· kids still schooling from home
· rent troubles
Reassess Your Priorities
· what is, what isn’t
· first food and shelter, health and life insurance
· then longer-term
· info overload, focus on your top three
Reassess Your Budget
· listen to our last podcast, Episode #16 That B$%&@!
· Use apps like Mint or YNAB
· Continue paying off debt, especially mortgage
Reassess Your Resources
· Emergency Fund
· unemployment benefits
· Medicaid
· food stamps, food pantries
· Army Emergency Relief, Navy and Marine Corps relief Society, Air Force aid Society
· relatives
· line of credit (HELOC) versus credit cards
Back to Your Priorities, mental health
· family
· caring for others, charity
For more information check out our website: https://www.moneypilotadvisor.com/
