Learn how to budget during this period.
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While the Coronavirus is still at large, people across the world have found themselves majorly affected by the virus’s spread. Stay-at-home orders have turned lives upside-down, while healthcare workers and employees of essential businesses have found themselves overworked and often underpaid for their efforts.
If your budgeting is normally strict, the monthly budget you use during more predictable times may not work for you anymore. Perhaps you’ve lost your job, are seeing fewer customers than usual, or are having to spend more on take-out and delivery food options.
No matter your situation, it’s likely that you could use some help managing finances and expenses for the duration of this disastrous pandemic, so give some thought to the following tips as you practice pandemic money management.
Resist the urge to splurge online.
Whether you are an essential worker who is stressed and hoping to treat yourself to some goodies or if you’re just bored at home, resist the temptation to overspend on online purchases. These buys add up fast, and they can quickly wreck your expense sheets.
Consider pausing your monthly subscriptions.
Be honest and realistic about your needs. Do you really need that subscription box this month? What about all of your streaming services? Become a planner for the month ahead. In many cases, you won’t even have to cancel your subscriptions—just pause for a month and watch the savings add up.
Look for work online.
Believe it or not, there are plenty of ways to make money online—what better time than now to make some extra cash? You can take surveys, open an online store to sell your handmade goods, or offer consulting or creative services. Use this time to put yourself out there and market your talent.
Contact an Online Life Coach to teach you how to budget.
We’ve saved the best tip for last! Online life coaching remains a viable way to learn more about money management. These talented Coaches can give you budgeting tips while teaching you how to budget money, help you draw up a budget for yourself, and work closely with you to develop a financial plan. As a result, you can more easily find ways to cut expenses during this challenging time and, with online life coaching at your disposal, maybe even make a little extra money, too.
Finance can be a difficult thing to navigate, but help from a Life Coach can turn you into a fine financial planner. Browse through our list of Online Life Coaches now and message them for free!