Thread by @WEChangeJA, With countries currently battling the impacts of the COVID-19 pandemics, individuals and [...]

WE-Change

WEChangeJA

With countries currently battling the impacts of the COVID-19 pandemics, individuals and households will definitely be feeling the effects in the short term.

Since we can’t run away from the effects of the crisis, we need to be prepared.

Let's create an emergency budget!

What is an emergency budget?

Now that we know what an emergency budget is and why it is especially important during this time, here's how you can create.
#MoneyJusticeJA

What is an emergency budget? Now that we know what an emergency budget is and why it is especially important during this time, here's how you can create. #MoneyJusticeJA

At this time you need to focus on preserving your cash so it lasts a longer time. It’s better to have cash on hand and delay your goals slightly for peace of mind.

#MoneyJusticeJA

All the money you saved for vacations, and other big events, is now part of your Emergency Fund to help get you through the next few months.

#MoneyJusticeJA

Do you really need those subscription boxes? Nah, you don't.

#MoneyJusticeJA

There are certain things you NEED-the necessities. Namely, food, shelter (and utilities), and transportation. You can’t avoid paying for these, but you can work on lowering some.

#MoneyJusticeJA

This is not only a way to save some money, but is an AWESOME way to help lower your consumption, give the Earth the love she deserves and learn how to live on less! #MoneyJusticeJA

Ask your banker about delaying loan repayments (if you don’t ask you won’t know, some banks are offering loan holidays). Talk with your financial advisors as well about your investment portfolios. #MoneyJusticeJA

THERE'S FOOD AT HOME

#MoneyJusticeJA

While you’re home, here are some tips on things to do: Read a book, learn a second language, join an online book club ( @RebelWomenLit), start a blog, learn a skill (you have the time so make good use of it). Or just relax if you can! #MoneyJusticeJA

Do you have any other useful tips for conscious money management during #COVID19? Share dem wid WE!

#MoneyJusticeJA

You can follow @WEChangeJA.

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