IT'$ MY MONEY™
  • Home
  • About
  • Services
  • Resources
  • Podcast
  • Blog
  • Shop
  • Contact
  • Home
  • About
  • Services
  • Resources
  • Podcast
  • Blog
  • Shop
  • Contact

WELCOME TO THE IT'$ MY MONEY

BLOG

Want to Guest Blog? Click here!

Categories

All
Flights
Grants
Holiday
Online
Real Estate
Retirement
Save
Saving
Side Hustles
Small Business
Travel

5 Dos and Don'ts During COVID19 Pandemic

3/25/2020

0 Comments

 
Picture
I was on an Experian CreditChat Panel and was inspired therefore wanted to share some of my tips here. During this time we are all trying to cope with this COVID19 pandemic and the new norms. Some of us have never gone through anything like this before so we are learning as we go along. We are all trying to stay safe by practicing social distancing and staying in and sort of be  quarantined. 

5 Things to do:
1. Offer help to those in need. If you happen to have extra be sure to share during  this time. Many people are suffering but some are not. Don't exhaust your essentials to give to others but if you have an abundance then consider sharing. If you do this, let the kids participate. 

2. Continue to budget your money. It is extremely important to monitor what you are spending. A budget or spending plan is the best way to do so. Here is a free, downloadable, budget sheet you can use BUDGET SHEET.  Budgeting is simple, write down all of your income and all of your expense and visit it regularly. Be mindful of dates as well. 

3. If needed, contact your mortgage, rent and utility companies and make arrangements. Only do this if this is necessary. 

4. Pay your credit card bills on time. If possible, pay the minimum balance and pay it on time. Paying on time is 35% of your credit score.

5. Spend more time with your family and BE PRESENT. What do I mean by that? Put the phone down. Play board games, cook, bake and organize closets together. Maybe each of you had a book and discuss the chapters as you go along. 

5 Things not to do:
1. Don't panic buy. Buy things you need for your specific household. Right now the stores are staying open so when you run out of things you will have an opportunity to go and get more.

2. Don't spend more than what you need. 

3. Don't sit around all day long in front of a computer and eat all day. Get up on move around and get fresh air. 

4. Don't over consume the news. Watch to be sure you are current but don't consume it more than you need to.

5. Don't open any new credit cards.

Finally, please don't panic and get fresh air daily. Also, If you are one that may get a stimulus check put it to good use. Her are a few ideas:
  • Start your emergency fund, if you don’t have one
  • Pay off your bills
  • Invest
  • Start a business. 

Please remember to continue with your budgeting. Here is a free resource BUDGET SHEET

Leave a comment and let me know if you would add to either list.


0 Comments



Leave a Reply.

    Author

    Write something about yourself. No need to be fancy, just an overview.

    Archives

    December 2022
    November 2022
    October 2022
    September 2022
    August 2022
    July 2022
    June 2022
    May 2022
    April 2022
    March 2022
    February 2022
    January 2022
    December 2021
    November 2021
    October 2021
    September 2021
    August 2021
    July 2021
    June 2021
    May 2021
    April 2021
    February 2021
    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    December 2019
    October 2019
    August 2019
    July 2019
    June 2019
    March 2019
    February 2019
    January 2019
    November 2018
    September 2018
    July 2018
    June 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017
    July 2017
    June 2017
    April 2017
    March 2017
    February 2017
    January 2017
    October 2016

    Categories

    All
    Flights
    Grants
    Holiday
    Online
    Real Estate
    Retirement
    Save
    Saving
    Side Hustles
    Small Business
    Travel

    RSS Feed

disclaimer.pdf
Created by Jasmine Chanelle
Want to Guest Blog? Click here!