ChooseFI Logo

This Is Not A Drill | Ep 177

We are starting to adjust to our new reality. Here in the FI community, we think a little bit differently. We can be creative and pivot to this new way of life for the time being.

As an example, Brad’s daughters had their piano lessons via Skype. He challenges us to rethink our own situations and get creative. What skills can you use to help people and make some money on the side as well.

How are you dealing with being stuck at home? Jonathan’s family normally runs errands after he is done working… but now he’s illustrating a children’s book for his son. Keep trying to find ways to stay entertained during this time.

Now is the time to take a hard look at your finances. Make sure you understand your core expenses and how long your emergency fund will last.

Then, cut ruthlessly, even if you still have your job, you don’t know what’s coming down the pipe and now is the time to start preparing. Ask yourself, what do I actually need, what do I value most?

If you have an emergency fund, make sure it’s in a high yield savings account. CIT Bank is currently offering 1.25 on their Savings Builder Account.

Check out CIT Bank here and get a little more from your emergency fund.

In light of current events, we are temporarily switching to a daily show to support our community during this time of uncertainty with more timely information and actionable tips.

Choose FI has partnered with CardRatings for our coverage of credit card products. Choose FI and CardRatings may receive a commission from card issuers. Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities. American Express is a ChooseFI advertiser. Disclosures.
More To Explore
Friday Roundup
Best Of
029R | The Friday Roundup

In today’s Friday Roundup we discuss our key takeaways from Episode 29: The Reluctant Frugalist vs. the Aspiring Minimalist, plus feedback from the audience as

Read More »
You Might Be Interested in...
Something New at ChooseFI harnessed the power of AI to provide in-depth transcripts for all ChooseFI podcast episodes. Each section of the transcript is clickable so you can listen to the podcast at exactly the point you’re looking for

Other episodes
Share This Post