Even Things Out

Even Things Out

According to the Bureau of Labor Statistics, of the 20 million jobs lost in April, 55 percent impacted women. Here are some ways women (and men) can help reduce the financial impact of the pandemic over the next few months.

Reduce Spending

Go back through your spending in March, April and May and evaluate needs versus wants. Cut back on the wants. Cancel memberships — like gyms — that are no longer useful because of the coronavirus. Call your credit card and utility companies to see what kind of discounts you can get. You should also review your insurance policies to make sure they fit your life right now. You can always change things when the pandemic is less impactful.

Add it Up

Now that you have some wiggle room in your budget, take the extra cash and pad your emergency funds account. Even if you’re nowhere near the recommended three-to-six months of expenses, it’s important to start somewhere. Little by little, your fund will build. That account will be critical to navigating the inevitable financial pitfalls that await.

Stay Alert

If you’re lucky enough to still be employed, your work situation has likely still been altered. This is the time to be more proactive than ever. As CNBC reports, you want to communicate more with your boss, not less. Offer updates, suggestions and help on projects (if you have the time!). The more you make your work and your presence known, the better you’ll look on the other side of this.

Articles
Helping Hand
Helping Hand

With millions of Americans losing their jobs because of the pandemic, there’s a chance someone close to you — or you — will be im...

Read More

5 cheap activities you can do this summer
5 cheap activities you can do this summer

...

Read More

Summer Drop
Summer Drop

The $600-per-week unemployment boost that many Americans depended on during the pandemic is came to an end July 31. That means co...

Read More

Protect Your Budget
Protect Your Budget

The coronavirus has hurt the nation’s economy and it has likely impacted your finances as well. While a recession is out of your ...

Read More

Here’s How To Make A Covid Pandemic Career Shift
Here’s How To Make A Covid Pandemic Career Shift

Working from home has a lot of Americans reconsidering their 9-to-5. A University of Phoenix study conducted by The Harris Poll f...

Read More

Early Moves
Early Moves

They say youth is wasted on the young. That can be true when it comes to finances — many times it’s only through trial and error ...

Read More

Covering the Wedding
Covering the Wedding

The coronavirus has disrupted weddings in more ways than one. Not only have people had to cancel their events, the pandemic has a...

Read More

Hurricane Updates
Hurricane Updates

Unfortunately, even with the nation grappling with coronavirus, hurricane season hasn’t been put on hold. If you live in the East...

Read More

Filing Away
Filing Away

The coronavirus pandemic has opened the door to scammers. According to USA Today, the thieves are targeting unemployment claims u...

Read More

Website Terms of Service

Please read these "Website Terms of Service" carefully before using SavvyMoney Checkup ("site", "website"). Accessing this site, or making this site available to any third party, indicates that you have read and accept these terms.

  1. Materials. Materials in this site are copyrighted and all rights are reserved. Text, graphics, databases, HTML code, and other intellectual property are protected by US and International Copyright Laws, and may not be copied, reprinted, published, reengineered, translated, hosted, or otherwise distributed by any means without explicit permission.
  2. Links to Third-Party Sites. Linked, third-party sites from website are not under the control of the Licensor. The Licensor is not responsible for the contents of any linked site or any link contained in a linked site, or any changes or updates to such sites.
  3. Confidentiality of Codes, Passwords and Information. Licensee agrees to treat as strictly private and confidential any username, password, user ID, and all information to which you have access through password-protected areas of website.
  4. Maintenance. Licensor shall provide Licensee any new, corrected or enhanced version of the site as it becomes available. Such enhancement shall include all modifications to the site which increase the speed, efficiency or ease of use of the site, or add additional capabilities or functionality to the site, but shall not include any substantially new or rewritten version of the site.
  5. Limitation of Liability. Licensor shall not be responsible for, and shall not pay, any amount of incidental, consequential, or other indirect damages, whether based on lost revenue or otherwise, regardless of whether Licensor was advised of the possibility of such losses in advance. In no event shall Licensor's liability exceed the amount of license fees paid by Licensee, regardless of whether Licensee's claim is based on contract, tort, strict liability, product liability or otherwise.