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 1.75% 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.